Brunswick Exploration Announces $750,000 Non-Brokered Private Placement
June 21 2022 - 7:15AM
Brunswick Exploration Inc. (“Brunswick” or the
“Corporation”) (
TSX-V : BRW)
is pleased to announce non-brokered private placement of $700,000,
consisting of 4,000,000 units of the Corporation (each, a
"
Unit") at a price of $0.175 per Unit (the
"
Offering").
Each Unit will consist of one common share of
the Corporation (each, a "Common Share") and
one-half of one common share purchase warrant of the Corporation
(each whole warrant, a "Warrant"). Each Warrant
will entitle 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 will be used
for the exploration of the Corporation’s properties, as well as
general corporate purposes.
The Offering is expected to close on or about
July 11, 2022 or such other date as the Corporation may determine.
The Offering is conditional upon receipt of all required regulatory
approvals, including the approval of the TSX Venture Exchange. The
securities to be issued under the Offering will have a hold period
of four months and one day from the closing date of the Offering,
in accordance with applicable securities laws.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful, including any of the
securities in the United States of America. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "1933 Act") or any
state securities laws and may not be offered or sold within the
United States or to, or for account or benefit of, U.S. Persons (as
defined in Regulation S under the 1933 Act) unless registered under
the 1933 Act and applicable state securities laws, or an exemption
from such registration requirements is available.
About Brunswick
The Corporation is a Montreal-based mineral
exploration venture listed on the TSX-V 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.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
Cautionary Statement on Forward-Looking
Information
This news release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation based on expectations, estimates and projections as at
the date of this news release. Forward-looking information involves
risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals;
uncertainties relating to the availability and costs of financing
needed in the future; changes in equity markets; inflation;
fluctuations in commodity prices; delays in the development of
projects; the other risks involved in the mineral exploration and
development industry; and those risks set out in the Corporation’s
public documents filed on SEDAR at www.sedar.com. Although the
Corporation believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Corporation disclaims
any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
Investor Relations/information:
Mr. Killian Charles, President
Telephone: (514) 861-4441
info@brwexplo.ca
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