The Prospector News

Brunswick Exploration Announces Closing of First Tranche of Non-Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Brunswick Exploration Announces Closing of First Tranche of Non-Brokered Private Placement

 

 

 

 

 

Brunswick Exploration Inc. (TSX-V: BRW) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $1,493,700.75, consisting of the issuance of 1,757,295 units of the Corporation at a price of $0.85 per Unit.

 

Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant of the Corporation. Each Warrant entitles the holder thereof to acquire one Common Share at a price of $1.25 for a 36-month period following the closing date of the Offering.

 

Closing of the second and final tranche of non-brokered private placement is expected by March 31, 2023.

 

The Corporation expects to use the net proceeds from the Offering for exploration of the Corporation’s projects in Québec, Ontario, Saskatchewan and Manitoba as well as for general working capital and corporate purposes.

 

In connection to this Offering, the Corporation paid cash finders fees of $12,750 and issued 7,500 compensation warrants to an arm’s length third party. Each such compensation warrant entitles its holder to acquire one Common Share at a price of $0.85 for a 36-month period following the closing date of the Offering.

 

The Offering was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. All securities issuable pursuant to the Offering are subject to a statutory 4-month and one day hold period expiring on July 25, 2023 in accordance with applicable securities legislation.

 

About Brunswick

 

The Corporation is a Montreal-based mineral exploration venture listed on the TSX Venture Exchange under symbol BRW. The Corporation is focused on grassroot exploration for metals necessary to decarbonization and energy transition with a particular focus on lithium. The Corporation is rapidly advancing the most extensive grassroots lithium project portfolio in North America with holdings in Québec, Ontario, Saskatchewan, Manitoba and Atlantic Canada.

 

Posted March 25, 2023

Share this news article

MORE or "UNCATEGORIZED"


Kobrea Closes Previously Announced $8.5 Million Private Placement

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) is ... READ MORE

October 5, 2025

Outcrop Silver Announces Closing of $23 Million Public Offering, Including Full Exercise of the Over-Allotment Option, Led by Investment from Jupiter Asset Management and Eric Sprott

Outcrop Silver & Gold Corporation (TSX-V:OCG) (OTCQX:OCGSF) (DE:MRG) is pleased to announce that... READ MORE

October 3, 2025

F3 Announces Closing of C$20 Million Bought Deal LIFE Private Placement

 F3 Uranium Corp. (TSX-V: FUU) (OTCQB: FUUFF) (FSE: GL7) is pleased to announce the closing of its ... READ MORE

October 3, 2025

Silver Dollar Announces Closing of $5.9 Million Brokered Financing, with Participation by Eric Sprott

Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) is pleased to announce the closin... READ MORE

October 3, 2025

Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent’s 15% Over-Allotment Option

Q-Gold Resources Ltd. (TSX-V: QGR) is pleased to announce that it has closed its previously announce... READ MORE

October 3, 2025

Copyright 2025 The Prospector News