Brookemont Announces Disposition Of Bantry And Pembina Properties
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.
Brookemont Capital Inc. Announces Entry Into Definitive Agreement To Dispose Of Bantry And Pembina Properties
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
ontact 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) Exchange approval may not be granted or may not be granted in a timely manner; and (ii) the transaction may ultimately not be completed due to a termination of the definitive agreement in accordance with its terms. 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.
Brookemont Acquires 6,687 Contiguous Acres Bordering Canasia's Clone Gold Prospect
Conrad Clemiss, President of Brookemont stated, "Not only is this prospect directly tied onto the Canasia's Clone Prospect, but it is the closest property to the Clone Prospect's actual drill location. Recently, there has been a staking rush in the Stewart Region of British Columbia due to Decade Resources Ltd.'s recent discoveries and the visible gold announcement made by Canasia. Management is pleased to acquire a sizable contiguous block bordering Canasia's Clone Prospect. This region has historically been a location of significant discoveries such as Eskay Creek, the Silbak Premier, the Big Missouri, the Silver Coin, the Sulphurets, and the Red Mountain deposits. Not only do we have this new acquisition, but we are currently working on our 100% owned Yukon gold prospect bordering Underworld Resources as well."
Brookemont will pay the vendor, $50,000 cash, and issue 2,400,000 common shares of the Company and grant a 3-per-cent net smelter return royalty, with an option to buy back 1 per cent for $1-million. The Company also agrees to spend $250,000 by September 30, 2010, and an additional $250,000 by September 30, 2011, as a work commitment. There will be a finders' fee payable in commection with this transaction. This transaction is subject to TSX Venture Exchange ("Exchange") approval.
Schedule of payments would be as follows:
• $25,000 and 1,200,000 shares upon Exchange approval;
• $25,000 and 1,200,000, shares within twelve months of Exchange approval.
Brookemont currently has 96 mineral claims prospective for lithium covering an area of approximately 3,800 acres located in Northern Ontario, 93 load quartz mineral claims covering an area of approximately 4,836 acres, located in the Yukon, bordering Underworld Resources Inc and now 6,687 acres in the Stewart Gold District of British Columbia. Brookemont currently only has 21,782,642 common shares outstanding.
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"
Chief Executive Director
Brookemont Capital Inc.
Neither the TSX 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.
Brookemont Closes Financing
On Behalf of the Board of Directors
Brookemont Capital Inc.
"Conrad Clemiss"
Chief Executive Officer and Director
Contact Information
Tel: (604) 646-6906
Fax:(604) 689-1733
Neither the TSX 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.
Lithium and Gold Claims Finalized
Business of BC Co
BC Co is a private company and is engaged in the business of mineral exploration in Ontario and the Yukon. BC Co is the sole legal and beneficial owner of 96 mineral claims prospective for lithium covering an area of approximately 3,800 acres, located in Northern Ontario and for 93 load quartz mineral claims covering an area of approximately 4,836 acres, located in the Yukon bordering Underworld Resources. Conrad Clemiss, President of Brookemont stated, "Brookemont has now transformed itself into a well diversified junior, with work programs anticipated to commence in 2009 on both the Lithium prospect and Yukon Gold prospect. The Company currently has only 16.2 million shares outstanding."
Finder
The Company issued 482,142 common shares to one finder on the closing date in consideration for services with respect to the transaction. The finder is not a Non-Arm's Length Party and such common shares were issued pursuant to an exemption under applicable securities laws and are subject to a hold period that expires on January 5, 2010.
Stock Options
The Company has also granted, pursuant to its Rolling Stock Option Plan, 500,000 incentive stock options to directors, officers and consultants at an exercise price of $0.11 per share for five years. These shares are subject to a hold period expiring January 9, 2010.
On Behalf of the Board of Directors
Brookemont Capital Inc.
"Conrad Clemiss"
Chief Executive Officer and Director
Contact Information
Tel: (604) 646-6906
Fax:(604)
Neither the TSX 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.