| January 06, 2010 Brookemont Announces Disposition Of Bantry And Pembina Properties | |
| Vancouver, January 6, 2010 -- Brookemont Capital Inc. ("Brookemont" or the "Company") is pleased to provide an update to its news release dated December 18, 2009. Pursuant to the definitive agreement entered into between Brookemont and a private corporation headquartered in Calgary, Alberta (the "Purchaser"), the Company has completed the sale of its interests in and to certain assets in connection with the Bantry and Pembina properties, including PNG rights, tangibles and wells (the "Assets"), in consideration for the payment of $575,000. The TSX Venture Exchange accepted the filing for the transaction. About the Assets The Assets consist of petroleum and natural gas rights, tangible assets and miscellaneous interests in connection with the Bantry and Pembina properties. The Bantry property is located 60 miles northwest of Medicine Hat, Alberta and the Pembina property is located 50 miles southwest of Edmonton, Alberta. For a current evaluation of the Assets, please refer to the Audited Annual Financial Statements filed by Brookemont on November 30, 2009 on SEDAR (www.sedar.com). Following the completion of the proposed disposition of the Assets, Brookemont intends to focus on its interests in the mineral claims prospective lithium in Northern Ontario, quartz mineral claims on Yukon, and the mineral claim blocks in the Stewart Mining Region of British Columbia. If you would like to be added to Brookemont's news distribution list, please send your email address to info@brookemontcapital.com Contact Information Tel: (604) 899-9150 info@brookemontcapital.com www.brookemontcapital.com "Conrad Clemiss" Director and President Brookemont Capital Inc. Legal Notice Regarding Forward Looking Statements This news release may contain "forward looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements in this news release include that Brookemont intends to focus its interest in the mineral claims prospective lithium in Northern Ontario, quartz mineral claims in Yukon, and the mineral claim blocks in the Stewart Mining Region of British Columbia. This statement is subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statement. Risks that may prevent or delay the forward looking statements from coming to fruition include the risk that: (i) unforeseeable circumstances may prevent exploration on these properties; and (ii) fluctuating commodity prices may render exploration unfeasible. It is our policy not to update forward looking statements. Neither the TSXV Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release. | |
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