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Brookwater Ventures Announces Formation of Special Acquisition Committee

Brookwater Ventures Inc. (BW.V), an emerging oil and gas company, announced today that it has formed a Special Acquisition Committee to review and approve certain investment, acquisition, and corporate related transactions proposed by the Company's management. As the Company is currently pursuing and evaluating several opportunities to aggressively grow its business, the committee will assist and spearhead prioritizing these opportunities, it said. Stan Bharti, Chairman of the board, said in a statement: "We are excited about a number of current and future prospects under review. Beyond simply growing our asset base through the upcoming 11th Bidding Round of the ANP, there are a number of other opportunities that warrant further assessment. Establishing the Special Acquisition Committee will assist the company in prioritizing our approach as we continue our work in the weeks and months ahead."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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