BW

Brookwater Ventures Inc. (TSX VENTURE:BW) ("Brookwater" or the "Company")
announces an update with respect to its annual and special meeting of
shareholders (the "Meeting").


At the Meeting, shareholder approval was received for resolutions to fix the
number of directors at five; to elect Stan Bharti, Ahmed Said, Peter Boot, Helio
Diniz and Jason Cho to the Board of Directors; to appoint and fix remuneration
of KPMG LLP, Chartered Accountants as auditor of the Company; approve the
continuation of the Company from the Province of British Columbia to the
Province of Ontario; and to approve the rolling 10% stock option plan of the
Company, all as more particularly set out in the Information Circular of the
Company as mailed to shareholders and filed on SEDAR.


Management would like to thank Mr. Wagner Freire, outgoing director, for
services rendered during his tenure.


About Brookwater:

Brookwater Ventures Inc. is a Canadian independent oil exploration company
focused on growing its asset base primarily in Brazil. The Company's
wholly-owned Brazilian-based subsidiary, Agua Grande, is party to a Farm-Out
Agreement with Somoil and Sonangol Starfish, pursuant to which Agua Grande has
acquired an undivided 30% interest in an oil & gas exploration concession
located in the Reconcavo Basin in Brazil. Brookwater's shares are listed on the
TSX Venture Exchange under the symbol BW.


The Company believes that a tremendous opportunity exists in Brazil, where only
approximately 6% of the sedimentary basins have been titled for exploration and
development. The country remains underexploited and the Company believes that to
capitalize on these opportunities requires investing in and leveraging a
domestic team with basin knowledge, technical expertise and a network of
relationships to optimize risk adjusted returns.


Forward-looking information

This news release contains forward-looking information relating to the Company's
growth and corporate strategy, and other statements that are not historical
facts. Forward-looking information relates to management's future outlook and
anticipated events or results, and may include statements or information
regarding the future plans or prospects of the Company. Although management of
the Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended.


Forward-looking information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks and uncertainties associated
with oil and gas exploration, development, exploitation, delays resulting from
or inability to obtain required regulatory approvals and ability to access
sufficient capital from internal and external sources, reliance on key
personnel, regulatory risks and delays and other risks and uncertainties
discussed in the management discussion and analysis section of the Company's
interim and most recent annual financial statement or other reports and filings
with the TSX Venture Exchange and applicable Canadian securities regulations.
There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking information.


The forward-looking statements contained in this news release are made as of the
date of this news release. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters
discussed above.

Grafico Azioni Brookwater Ventures Inc. (TSXV:BW)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Brookwater Ventures Inc. (TSXV:BW)
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Da Giu 2023 a Giu 2024