The Prospector News

Brunswick Exploration Announces Closing of Non-Brokered Private Placement for Aggregate Proceeds of $1 Million

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Brunswick Exploration Announces Closing of Non-Brokered Private Placement for Aggregate Proceeds of $1 Million

 

 

 

 

 

Brunswick Exploration Inc. (TSX-V: BRW) is pleased to announce that it has closed its previously announced non-brokered private placements for aggregate gross proceeds of $1,009,950, consisting of the issuance of 5,771,143 units of the Corporation at a price of $0.175 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 $0.23 for a 36-month period following the closing date of the Offering.

 

The net proceeds from the Offering are expected to be used by the Corporation for the exploration of the Corporation’s properties, as well as for general corporate purposes.

 

In connection to this Offering, the Corporation paid cash finders fees of $1,585.00.

 

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 hold period expiring on November 12, 2022 in accordance with applicable securities legislation.

 

As a result of the Offering, 154,732,881 common shares of the Corporation are issued and outstanding.

 

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, tin, nickel and copper. The Corporation is focused on rapidly advancing the most extensive grassroot lithium exploration claim package in Eastern Canada.

Posted July 13, 2022

Share this news article

MORE or "UNCATEGORIZED"


Orea Announces Closing of Oversubscribed Non-Brokered Private Placement

Orea Mining Corp. (TSX: OREA) (OTCQB: OREAF) (FSE: 3CG) is please... READ MORE

January 26, 2023

CANADA SILVER COBALT RELEASES SILVER ASSAY OF 29,165 g/t (850 oz/ton) FROM CONCENTRATE OF CASTLE MINE WASTE ROCK

Canada Silver Cobalt Works Inc. (TSX-V: CCW) (OTC: CCWOF) (Frankf... READ MORE

January 26, 2023

Guanajuato Silver Produces Record 836,375 AgEq Ounces in Q4

Sees 19% Q4 Production Increase Over Q3   Guanajuato Silver Comp... READ MORE

January 26, 2023

Argentina Lithium Drilling Extends Lithium Brine Zone at Rincon West

Argentina Lithium & Energy Corp. (TSX-V: LIT) (FSE: OAY3) (O... READ MORE

January 26, 2023

NEVADA KING ANNOUNCES SIGNIFICANT SILVER INTERCEPTS FROM ITS 2021 ATLANTA DRILL PROGRAM

Nevada King Gold Corp. (TSX-V: NKG) (OTCQX: NKGFF) is pleased t... READ MORE

January 26, 2023

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2023 The Prospector News