Brunswick Exploration Received $1.15 Million From Warrant Exercises
October 04 2022 - 7:00AM
Brunswick Exploration Inc. (“
BRW”
or the “
Company”) is pleased to provide an update
on the outcome of the exercise of the Company's warrants that
expired on September 30, 2022.
A cumulative total of 5,735,000 warrants were
exercised (at $0.20 per warrant), generating aggregate proceeds of
approximately $1.15 million. After giving effect to the warrant
exercises, as at October 4, 2022 the Company has 160,567,881 common
shares issued and outstanding.
Mr. Killian Charles, President of BRW,
commented: “Brunswick Exploration continues to gather momentum and
is now well positioned to capitalize on its multiple exploration
opportunities in Quebec, Atlantic Canada and, with the recent
acquisition of lithium pegmatites near Hearst, in Ontario.”
About Brunswick Exploration
The Company is a Montreal-based mineral
exploration venture listed on the TSX-V under symbol BRW. The
Company is focused on grassroots exploration for metals necessary
to decarbonization and energy transition with a particular focus on
lithium. The company is focused on rapidly advancing the most
extensive grassroot lithium exploration claim package in
Canada.
Investor
Relations/information
Mr. Killian Charles, President
(info@BRWexplo.com)
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. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news
release.
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