Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

Core Points - Brunswick Exploration Inc. has entered into an agreement with Red Cloud Securities Inc. and Canaccord Genuity Corp. for a private placement aiming to raise up to C$2,500,000 [1][7] - The offering includes two types of units: LIFE Units priced at C$0.13 and Non-LIFE Units priced at C$0.15, with a strategic investor making a lead order for Non-LIFE Units [1][3] - The net proceeds from the offering will be used for exploration activities in Québec and Greenland, as well as for general corporate purposes and working capital [7] Offering Details - Each LIFE Unit consists of one common share and one half of a common share purchase warrant, allowing the purchase of a share at C$0.20 for 36 months [2] - Each Non-LIFE Unit consists of one common share and one common share purchase warrant, allowing the purchase of a share at C$0.25 for 36 months [3] - The Agents have an option to raise an additional C$1,000,000 from the sale of LIFE Units prior to the closing date [4] Regulatory Compliance - LIFE Units will be offered in compliance with National Instrument 45-106, allowing for immediate trading under Canadian securities legislation [5] - Non-LIFE Units will be offered under "accredited investor" and "minimum amount investment" exemptions, subject to a four-month hold period in Canada [6] - The offering is scheduled to close on May 28, 2025, pending necessary approvals [8] Company Overview - Brunswick Exploration is focused on grassroots exploration for lithium in Canada, a critical metal for global decarbonization and energy transition [12] - The company is advancing a significant lithium property portfolio in Canada and Greenland [12]