LOS ANGELES, Dec. 04, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE– Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC “BMXI”) today confirmed that the company’s auditors, ShineWing Australia, part of the ShineWing Group, the largest accounting practice in China and a member of Praxity Alliance, the world’s largest alliance of international accounting firms, is nearing completion of its review and fieldwork relating to financial statements for 2016, 2017 and the “stub” period for 2018 as required to be included in The Company’s forthcoming Form 10 filing to transition The Company to fully reporting status. It is anticipated that preliminary accounts and audit comments from The Company’s Indonesian operations will be submitted to the Melbourne head office of ShineWing Australia by the middle of December for review and compilation of the draft audit which is expected to be available by early January.
The Company recently strengthened its finance and accounting team in Indonesia through the appointment of a new Financial Manager, Josef Warouw, a financial accountant and CPA with extensive experience working for International companies in Indonesia. The Company recently announced its agreement to act as Sales Agent for a number of independent, operators in the Alason gold production area in Minahasa Regency. Given the significant increase in revenue forthcoming from this initiative, as well as the increased responsibility and workload arising from The Company’s likely SEC filing obligations, The Company will continue to strengthen and build its finance and administration team to enhance its capacity to ensure compliance with reporting standards and filing deadlines.
Brookmount conducts its gold mining and processing operations through its Indonesian subsidiary incorporated in Sulawesi Province, Republic of Indonesia, one of Asia’s most dynamic and rapidly expanding economies with extensive reserves of natural resources and minerals including timber, coal, gold, and hydrocarbons.
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