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Brunswick Exploration Closes Final Tranche of Non-Brokered Private Placement for Total Gross Proceeds of $5,445,000
Globenewswire· 2026-03-23 11:00
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].
Brunswick Exploration Announces Non-Brokered Private Placement of $1.5M
Globenewswire· 2025-12-02 21:30
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; “BRW” or the "Corporation") is pleased to announce a non-brokered private placement (the "Offering") of up to 7,500,000 common share of the Corporation to be sold as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act”) and the Taxation Act (Québec) (the “FT Shares”) at a price of ...
Brunswick Exploration Starts Maiden Drilling Program at Anatacau Main
Globenewswire· 2025-09-04 11:00
MONTREAL, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Company”) is pleased to announce that it has begun drilling at the Anatacau Main Project, located in the Eeyou-Istchee James Bay region of Quebec. The drill program will target the Anais lithium discovery, located 22 kilometers east and along strike from Rio Tinto’s Galaxy project and BRW’s Anatacau West project. Mr. Killian Charles, President and CEO of BRW, commented: “Beyond our ...
Extensive Greenland Lithium Exploration Campaign Launched by Brunswick Exploration
Globenewswire· 2025-06-18 11:00
MONTREAL, June 18, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Company”) is pleased to announce it has launched an aggressive regional-scale prospecting and mapping initiative on its sizeable Greenland portfolio that contains hundreds of untested targets using 4 crews and 2 helicopters for six weeks. Initially, one team will focus on detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas while the other wi ...