IPO - BROOKMOUNT EXPLORATIONS INC

Form Type: 253G1

Filing Date: 2025-05-29

Corporate Action: Ipo

Type: New

Accession Number: 000166357725000173

Filing Summary: Brookmount Explorations, Inc. is offering up to 100,000,000 shares of common stock at a price of $0.02 per share, aiming for total gross proceeds of $2,000,000. The offering does not set a minimum investment requirement and allows immediate use of raised funds. The document details various purchasing limitations based on investor income and net worth, targeting compliance with SEC regulations under Regulation A. The offering will be managed by the company's directors and may involve licensed broker-dealers. The shares being offered by selling shareholders are expected to consist of up to 25,000,000 shares, with proceeds going exclusively to the shareholders. Brookmount, incorporated in Nevada, focuses on gold mining operations in Indonesia and aims to capitalize on its existing reserves and future acquisitions. The company is positioned as an emerging growth company compliant with the JOBS Act and outlines its investment risk advisories. A detailed use of proceeds section indicates the intent to allocate funds towards marketing, inventory acquisition, and general administrative expenses. There is no expectation of dividends in the near future, indicating reliance on stock price appreciation for returns.

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.