Brunswick Exploration Closes Final Tranche of Non-Brokered Private Placement for Total Gross Proceeds of $5,445,000

Core Viewpoint - Brunswick Exploration Inc. has successfully completed a non-brokered private placement, raising a total of $5,445,000 through the issuance of 20,780,000 units, which will be used to accelerate international exploration plans and support ongoing projects in Quebec [1][2][3]. Financing Details - The company issued an additional 5,000,000 units at a price of $0.25 per unit, generating gross proceeds of $1,250,000 [1]. - Each unit consists of one common share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.35 for 36 months [3]. - The total gross proceeds from the offering amount to $5,445,000 [2]. 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]. Finder's Fees - The company paid finder's fees totaling $278,200 and issued 490,000 non-transferable finder warrants, each exercisable at $0.25 for a period of 24 months [5]. Regulatory Compliance - The offering was completed under the listed issuer financing exemption, allowing the units to be offered without resale restrictions in Canada [6]. Company Overview - Brunswick Exploration is focused on grassroots lithium exploration in Canada, Greenland, and Saudi Arabia, with a significant project portfolio including the Mirage project, which has an inferred mineral resource estimate of 52.2 million tonnes grading 1.08% Li2O [9].