Brunswick Exploration Inc. (TSX-V: BRW; OTCQB:
BRWXF “
BRW” or the “
Company”) is
pleased to announce that its common shares are now trading on the
OTCQB Venture Market, a U.S. market operated by OTC Markets Group
Inc. (“OTC”) in New York, under the symbol “BRWXF’’. The Company
will continue to trade on the TSX Venture Exchange under its symbol
“BRW”.
Killian Charles, President and CEO, commented:
“As one of the largest lithium grassroot exploration company in the
Americas, the new listing on the OTC will allow a broader group of
investors to participate in our lithium exploration strategy and
Brunswick Exploration will benefit from the improved visibility and
trading liquidity for U.S. institutional and retail investors.”
The OTC operates the world’s largest electronic
interdealer quotation system for US broker dealers and offers
multiple media channels to increase the visibility of OTC-listed
companies. Trading on the OTCQB Market enables companies to
efficiently build broader investor awareness and provide U.S.
investors with a seamless trading facility to more easily trade
through the broker of their choice.
U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the Company on
www.otcmarkets.com/stock/BRWXF/quote.
Update to Prior
Transactions
Acquisition of 5 mining claims in the Baie James
area
The Company entered into a purchase agreement
dated February 11, 2023 with Wayne Holmstead (the
“Seller”) for the purchase of a 100% interest in 5
mining claims located in the Eeyou Istchee-James Bay region of
Quebec (the “Property”). The Company paid an
amount of $5,000 in cash and issued 12,500 common shares to the
Seller as consideration for the Property. The Seller retains a 2%
net smelter return overriding royalty on the Property, half of
which the Company may purchase for $1,000,000.
Option agreement with Globex Mining Enterprises
Inc.
The Company has made the first payment of
$25,000 in cash and $25,000 in common shares required under the
option agreement entered into on January 5, 2023 with Globex Mining
Enterprises Inc. (the “Globex Agreement”). As
previously disclosed in a news release dated January 24, 2023, the
Globex Agreement allows the Company to acquire up to a 100%
undivided interest in the “Lac Escale” claim block, comprised of 96
mining claims located in the Eeyou Istchee-James Bay region of
Quebec. Additional payments totalling $425,000 must be made by the
Company over a 3-year period in order to exercise the option, half
of which will paid in common shares of the Company at a minimum
deemed value of $045 per common share (representing a maximum of
500,000 additional common shares).
Option Agreement with General Partnership Osisko
Baie James
Pursuant to an agreement initially entered into
in November 2022 and signed on March 1, 2023 between the Company
and General Partnership Osisko Baie James ("Osisko
GP"), the Company may acquire a 90% the Anatacau and PLEX
properties, in consideration for payment in common shares of the
Issuer and the execution of exploration work. The terms of this
transaction are described in news releases dated November 28, 2022
and December 5, 2022. These initial announcements however
incorrectly stated that the agreement was entered into with Osisko
Development Inc., an affiliated entity of Osisko GP. This
transaction remains subject to the approval of the TSX Venture
Exchange.
Grant of Options
Brunswick Exploration wishes to announce that
the Company’s Board of Directors have approved the grant of
incentive stock options to certain directors, officers, key
employees and key consultants to purchase up to an aggregate of
2,250,000 common shares in the capital stock of the Company. Grants
are subject to a three-year vesting period and a five-year term at
an exercise price of $0.83 per share.
Correction to “Table 1: Drill Holes with
Pegmatite Intersections Greater Than Two Meters”
BRW would like to correct certain values
(Easting, Northing and Azimuth) for four holes (AW-23-01, AW-23-16,
AW-23-17 and AW-23-18) in the April 20th News Release. All other
values and the provided map in the News Release remain
accurate.
Hole ID |
From (m) |
To (m) |
Interval (m) |
Visible Spodumene |
Li2O (%) |
Ta2O5
(ppm) |
Total Depth (m) |
Azimuth (°) |
Dip (°) |
Easting |
Northing |
Elevation (m) |
AW-23-01 |
30.6 |
57.1 |
26.5 |
15-20% |
Assays Pending |
198 |
109.7 |
-45 |
361721 |
5788558 |
200 |
AW-23-02 |
29.55 |
37.15 |
7.6 |
10-15% |
Assays Pending |
198 |
109.5 |
-45 |
361891 |
5788526 |
200 |
AW-23-03 |
129.4 |
139.4 |
10.0 |
10-15% |
Assays Pending |
198 |
109.5 |
-45 |
362004 |
5788568 |
200 |
AW-23-04 |
31.2 |
34.0 |
2.8 |
2-3% |
Assays Pending |
201 |
110.1 |
-45 |
361740 |
5788475 |
200 |
AW-23-05 |
59.7 |
64.3 |
4.6 |
10-15% |
Assays Pending |
216 |
109.8 |
-45 |
361740 |
5788625 |
200 |
|
93.3 |
100.9 |
7.6 |
15-20% |
Assays Pending |
|
|
|
|
|
|
|
178.95 |
197.1 |
18.2 |
15-20% |
Assays Pending |
|
|
|
|
|
|
AW-23-06 |
154.5 |
164.9 |
10.4 |
5-10% |
Assays Pending |
195 |
109.4 |
-45 |
361740 |
5788700 |
200 |
AW-23-10 |
44.7 |
47.0 |
2.3 |
3-5% |
Assays Pending |
195 |
110.6 |
-45 |
361890 |
5788675 |
200 |
|
54.2 |
57.1 |
2.9 |
3-5% |
Assays Pending |
|
|
|
|
|
|
|
62.8 |
72.9 |
10.1 |
15-20% |
Assays Pending |
|
|
|
|
|
|
AW-23-14 |
16.9 |
18.9 |
2.0 |
5-10% |
Assays Pending |
180 |
110.0 |
-45 |
361816 |
5788673 |
200 |
|
117.0 |
127.3 |
10.3 |
10-15% |
Assays Pending |
|
|
|
|
|
|
|
161.6 |
174.1 |
12.5 |
15-20% |
Assays Pending |
|
|
|
|
|
|
AW-23-16 |
43.6 |
47.2 |
3.6 |
5-10% |
Assays Pending |
201 |
110 |
-45 |
361815 |
5788760 |
200 |
|
148.0 |
150.0 |
2.0 |
5-10% |
Assays Pending |
|
|
|
|
|
|
AW-23-17 |
26.0 |
31.0 |
5.0 |
3-5% |
Assays Pending |
236 |
290 |
-45 |
361884 |
5788530 |
200 |
|
35.7 |
68.5 |
32.9 |
15-20% |
Assays Pending |
|
|
|
|
|
|
|
216.6 |
221.6 |
5.0 |
2-3% |
Assays Pending |
|
|
|
|
|
|
|
224.0 |
226.5 |
2.6 |
2-3% |
Assays Pending |
|
|
|
|
|
|
AW-23-18 |
9.0 |
28.6 |
19.6 |
15-20% |
Assays Pending |
252 |
290 |
-45 |
361887 |
5788607 |
200 |
About Brunswick Exploration
Brunswick Exploration is a Montreal-based
mineral exploration company listed on the TSX-V under symbol BRW.
The Company is focused on grassroots exploration for lithium in
Canada, a critical metal necessary to global decarbonization and
energy transition. The company is rapidly advancing the most
extensive grassroots lithium property portfolio in Canada with
holdings in Quebec, Ontario, Saskatchewan, Manitoba, New Brunswick
and Nova Scotia.
Investor
Relations/information
Mr. Killian Charles, President and CEO
(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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