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Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED...
About this update from Brunswick Exploration, Inc.
[{"type":"text","content":"Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES\n \n\n\n OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n MONTREAL, May 08, 2025 (GLOBE NEWSWIRE) --\n \n Brunswick Exploration Inc.\n \n (“\n \n Brunswick\n \n ” or the “\n \n Corporation\n \n ”) (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. as co-lead agent (collectively, the “\n \n Agents\n \n ”), in connection with a “best efforts” private placement (the \"\n \n Marketed Offering\n \n \") for aggregate gross proceeds of up to C$2,500,000 from the sale of (i) units of the Corporation (the “\n \n LIFE Units\n \n ”) at a price of C$0.13 per LIFE Unit (the “\n \n Offering Price\n \n ”) and (ii) units of the Corporation (the “\n \n Non-LIFE Units\n \n ”, and collectively with the LIFE Units, the “\n \n Offered Securities\n \n ”) at a price of C$0.15 per Non-LIFE Unit. A strategic investor has made a lead order to subscribe for Non-LIFE Units under the Offering.\n \n\n Each LIFE Unit will consist of one common share of the Corporation (each, a “\n \n Unit Share\n \n ”) and one half of one common share purchase warrant (each whole warrant, a “\n \n LIFE Warrant\n \n ”). Each whole LIFE Warrant will entitle the holder thereof to purchase one common share of the Corporation (each, a “\n \n Warrant Share\n \n ”) at a price of C$0.20 at any time for a period of 36 months following the Closing Date (as defined herein).\n \n\n Each Non-LIFE Unit will consist of one Unit Share and one common share purchase warrant (each, a “\n \n Non-LIFE Warrant\n \n ”). Each Non-LIFE Warrant will entitle the holder thereof to purchase one Warrant Share at a price of C$0.25 at any time for a period of 36 months following the Closing Date.\n \n\n The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to raise up to C$1,000,000 in additional gross proceeds from the sale of LIFE Un...