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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 7, 2006 (March 5, 2006)
BROOKMOUNT EXPLORATIONS INC.
(Exact name of registrant as specified in its charter)
Nevada 001-32181 98-0201259
(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
Suite 404-999 Canada Place, Vancouver,BC,Canada V6C 3E2
(Address of principal executive offices, including zip code)
(604) 676 - 5244
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On April 5, 2006, the Board of Directors of Brookmount Explorations
(the "Company") authorized the establishment of the Brookmount Explorations 2006
Stock Plan (the "Plan"). The purposes of the Plan are:
o to attract and retain the best available personnel for positions of
substantial responsibility,
o to provide additional incentive to Employees, Directors and Consultants,
and
o to promote the success of the Company's business.
The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock
Options, Restricted Stock, Stock Appreciation Rights, Restricted Stock Units,
Performance Units, Performance Shares and Other Stock Based Awards. The Plan
reserves 20% of the Company's stock to be made available for purposes of awards
to employees and directors and further authorizes a special grant of
3.6 million shares to certain employees for exceptional service and performance
during 2005. In connection with these grants, the following individuals were
granted the following awards: David Dadon, 1,000,000 shares; Peter Flueck,
1,000,000 shares; Zaf Sungur, 1,650,000 shares.
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
(b) Effective April 5, 2006, Victor Stilwell, Vice President &
Director, resigned both positions with the Company. Under the terms of his
separation agreement dated of the same date, Mr. Stilwell is entitled to keep
1,000,000 of the 1,650,000 of shares granted to him in connection with his
employment. In addition, the Company granted Mr. Stilwell a warrant for 250,000
shares, exercisable at $0.31 for a term of one year.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
None.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned.
Dated: April 7, 2006 BROOKMOUNT EXPLORATIONS INC.
By: /s/ Zaf Sungur
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Zaf Sungur
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