This morning investors are going to look into those stocks which may have managed to clock substantial gains on Thursday and one of the stocks that could be in focus this morning is of Brookmount Gold (OTCMKTS:BMXI).
Brookmount Gold Corp. (Brookmount Explorations, Inc.) Enters Into a Binding Agreement to Acquire a Producing Gold Mine in Brazil.
Following a key announcement from the company yesterday, the stock came into focus in a big way and ended up with gains of as much as 32% amidst heavy interest. The company announced yesterday that it had inked a binding Memorandum of Understanding with regard to the acquisition of a 75% interest in an active gold mine. The mine in question is situated in the Central Brazilian state of Tocantins.
The company would acquire the 75% stake in the gold mine from the company Geoblocks Exploration Ltd, which is registered in the United Kingdom.
Upon the signing of the MoU, the company now has 30 days within which it would need to make an initial deposit of $500,000. Once the signing of the definitive acquisition agreement is completed Brookmount would need to make cash payment of $4.5 million. The payment would need to be made within 60 days from the date of signing of the MoU.
