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Brunswick Exploration Announces Non-Brokered Private Placement of $1.5M
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Brunswick Exploration, Inc.
[{"type":"text","content":"Brunswick Exploration Announces Non-Brokered Private Placement of $1.5M \n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n MONTREAL, Dec. 02, 2025 (GLOBE NEWSWIRE) --\n \n Brunswick Exploration Inc.\n \n (TSX-V: BRW, OTCQB: BRWXF; “\n \n BRW\n \n ” or the \"\n \n Corporation\n \n \") is pleased to announce a non-brokered private placement (the \"\n \n Offering\n \n \") of up to 7,500,000 common share of the Corporation to be sold as “flow-through shares” within the meaning of the\n \n Income Tax Act\n \n (Canada) (the “\n \n Tax Act\n \n ”) and the\n \n Taxation Act\n \n (Québec) (the “\n \n FT Shares\n \n ”) at a price of $0.20 per FT Share for gross proceeds of up to $1,500,000.\n \n\n Killian Charles, President & CEO of BRW, commented: “After the stellar results from our maiden campaign at Anatacau, we will be returning in early Q1 to begin a 2,500 to 3,000 meters drill program. We see significant potential to continue expanding the known pegmatites and uncover new targets across the project. With the forthcoming resource at Mirage, we believe BRW will have an exciting start to the year across its portfolio in Quebec, Greenland, Saudi Arabia and further afield.”\n \n\n The Corporation intends to use the proceeds raised from the Offering for the second phase of its drilling campaign at the Anatacau project, located in the Eeyou Istchee-James Bay region of Québec. Proceeds from the sale of FT Shares will be used to incur \"Canadian exploration expenses\" as defined in subsection 66.1(6) of the Tax Act and \"flow through critical mineral mining expenditures\" as defined in subsection 127(9) of the Tax Act. Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2025, in the aggregate amount of not less than the total amount of gross proceeds raised from the sale of FT Shares.\n \n\n The Offering is scheduled to close on or around December 16, 2025 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange (“\n \n TSX-V\n \n ”).\n \n\n The FT Shares will be subject to a statutory four month and one day hold period. The FT Shares ...