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Brunswick Exploration Announces $750,000 Non-Brokered Private Placement
MONTREAL, June 21, 2022 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“Brunswick” or the “Corporation”) (TSX-V : BRW) is pleased to announce non-brokered priv
About this update from Brunswick Exploration, Inc.
[{"type":"text","content":" MONTREAL, June 21, 2022 (GLOBE NEWSWIRE) -- 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...