Brunswick Exploration Announces Insider-Led Non-Brokered Life Private Placement

Core Viewpoint - Brunswick Exploration Inc. is initiating a non-brokered private placement to raise up to $4 million through the sale of 16 million units at a price of $0.25 per unit, aimed at expanding its lithium exploration efforts in Saudi Arabia and other regions [1][2]. Financing Details - The offering consists of units, each comprising one common share and one half of a common share purchase warrant, with warrants allowing the purchase of shares at $0.35 for 36 months post-closing [2]. - The offering is expected to close around March 18, 2026, subject to necessary approvals [6]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration activities in Canada, Saudi Arabia, and Greenland, as well as for general corporate purposes and working capital [4]. Insider Participation - Participation by insiders in the offering will be classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder requirements [5]. Company Overview - Brunswick Exploration is focused on grassroots lithium exploration in Canada, Greenland, and Saudi Arabia, with a significant property portfolio underpinned by its Mirage project, which has an inferred mineral resource estimate of 52.2 million tonnes grading 1.08% Li2O [9][10].