FERNDALE, Wash., Feb. 14, 2011 /PRNewswire/ -- Brookmount
Explorations Inc. (OTC Bulletin Board: BMXI; FRANKFURT B6T) acknowledges that the British
Columbia Securities Commission has issued a notice of hearing
against the company, a former director and a present
director. The allegations have not been proven and counsel
has been retained to vigorously defend the company and the
individuals named in the notice. As was previously announced
in July 2007, the Commission issued a Cease Trade Order
("CTO") against the company on June
17, 2007. To the best of the company's knowledge, the
CTO has no effect outside of British Columbia. The company
will seek to have the CTO vacated in the course of the proceedings
in British Columbia or
otherwise.
Management believes that these matters do not affect
Brookmount's ongoing endeavours with respect to project development
and its current negotiations for project funding because the
matters referred to above have been fully disclosed to the parties
currently in negotiations with the company. The company will
report further developments as they occur.
Safe Harbor: This news release may include forward-looking
statements within the meaning of Section 27A of the United States
Securities Act of 1933, as amended, and Section 21E of the United
States Securities and Exchange Act of 1934, as amended with respect
to achieving corporate objectives, developing additional project
interests, the Company's analysis of opportunities in the
acquisition and development of various project interests and
certain other matters. These statements are made under the 'safe
harbor' provisions of the United States Private Securities
Litigation Reform Act of 1995 and involve risks and uncertainties
which could cause actual results to differ materially from those in
the forward-looking statements.
SOURCE Brookmount Explorations Inc.