Brunswick Exploration Completes Brokered Private Placement for Gross Proceeds of C$3.5 Million

Core Points - Brunswick Exploration Inc. closed a private placement for gross proceeds of C$3,500,000, including C$1,000,000 from the agents' option [1] - The Offering consisted of 12,980,769 LIFE Units sold at C$0.13 each and 12,083,333 Non-LIFE Units sold at C$0.15 each, totaling 25,064,102 Offered Securities [1][2][3] - The proceeds will be used for exploration activities in Québec and Greenland, as well as for general corporate purposes and working capital [8] Offering Details - Each LIFE Unit includes one common share and half a warrant, with the warrant allowing purchase of a share at C$0.20 until May 30, 2028 [2] - Each Non-LIFE Unit consists of one common share and one warrant, with the warrant allowing purchase of a share at C$0.25 until May 30, 2028 [3] - The Offering was facilitated by Red Cloud Securities Inc. and Canaccord Genuity Corp., who received a cash commission of C$181,515 and broker warrants [4] Insider Participation - Insiders participated in the Offering, receiving a total of 70,000 common shares, which is classified as a related party transaction [5] - The Offering is exempt from formal valuation and minority shareholder approval requirements as the value does not exceed 25% of the Corporation's market capitalization [5] Regulatory Compliance - The LIFE Units were offered under the listed issuer financing exemption, making them immediately tradeable in Canada [6] - The Non-LIFE Units were offered under accredited investor and minimum amount investment exemptions, subject to a four-month hold period [7] - Completion of the Offering is pending final approval from the TSX Venture Exchange [7] Company Overview - Brunswick Exploration is focused on grassroots exploration for lithium in Canada, a critical metal for global decarbonization and energy transition [10][11] - The company is advancing a significant lithium property portfolio in Canada and Greenland [11]