Brunswick Exploration Announces Brokered Private Placement for Up to C$4.0M and Concurrent Non-Brokered Private Placement of C$0.5M
MONTREAL, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“BRW” or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of agents (the “Agents”) in connection with a “best-efforts”, private placement (the "Offering") for gross proceeds of up to C$4,000,000 from the sale of the following:
- Concurrent to the brokered private placement, Brunswick Exploration will also issue up to 962,000 shares at a price of C$0.52 per share as part of a non-brokered Quebec eligible flow-through share private placement.
- The Company intends to use the proceeds raised from the Offering for exploration of the Company’s projects in Quebec, Ontario, New Brunswick and Newfoundland.
- This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
- Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under the symbol BRW.