IPO - BROOKMOUNT EXPLORATIONS INC

Form Type: 1-A/A

Filing Date: 2025-02-20

Corporate Action: Ipo

Type: Update

Accession Number: 000166357725000051

Filing Summary: Brookmount Explorations Inc filed an updated offering statement under Form 1-A/A on February 20, 2025. The document outlines the company's intention to raise capital through the issuance of convertible notes and common stock. The total offering includes $207,500 designated for convertible notes and $500,000 designated for a private offering of common stock, following the provisions of Section 4(a)(2) of the Securities Act. The company has specified that all convertible notes and conversion shares will be issued to a single investor under Rule 506(b). Price per security is estimated at $0.02 for common stock, with a total of 136,475,869 shares outstanding. The filing also reflects financial information, including total assets of $49,138,000 and liabilities amounting to $15,110,000, indicating a strong balance sheet prior to the offering.

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