Brunswick Exploration Announces Non-Brokered Private Placement of $5M
2023年10月31日 - 8:00PM
Brunswick Exploration Inc. (TSX-V: BRW, OTCQB:
BRWXF; “
BRW” or the “
Company”) is
pleased to announce a non-brokered private placement (the
"
Offering") to raise gross proceeds of up to
$5,000,000 from the sale of the following:
-
up to 869,565 Common Shares of the Company (each, a “Common
Share”) to be sold to Québec purchasers as “flow-through
shares” within the meaning of the Income Tax Act (Canada) (the
“Tax Act”) and the Taxation Act (Québec) (the
“Québec Tax Act”) (each, a “Québec FT
Share”) at a price of $1.15 per Québec FT Share for gross
proceeds of up to $1,000,000; and
-
up to 3,636,364 Common Shares to be sold to Canadian purchasers as
“flow-through shares” within the meaning of the Tax Act (each, a
“National FT Share”, and
collectively with the Québec FT Shares, the “Offered
Shares”) at a price of $1.10 per National FT Share for
gross proceeds of up to $4,000,000.
Killian Charles, President & CEO of BRW,
commented: “Over the previous weeks, we have identified multiple
spodumene bearing outcrops at Mirage and our inaugural drilling
campaign has barely begun testing the potential of the Project.
With initial drill results forthcoming, this financing will enable
the Company to continue its aggressive drilling campaign at Mirage
into Q1 2024 and beyond. Concurrent to our plans at Mirage, we will
also complete follow-up drilling at our latest discovery at the
Elrond Project.”
The Company intends to use the proceeds raised
from the Offering to accelerate drilling at the Mirage Project and
begin testing the recently announced discovery at the Elrond
Project. Proceeds from the sale of Offered Shares will be used to
incur "Canadian exploration expenses" as defined in subsection
66.1(6) of the Tax Act, "flow through mining expenditures" as
defined in subsection 127(9) of the Tax Act and, for
Quebec-eligible proceeds using the two 10% enhancements under
section 726.4.9 and section 726.4.17.1 of the Québec Tax Act. Such
proceeds will be renounced to the subscribers with an effective
date not later than December 31, 2023, in the aggregate amount of
not less than the total amount of gross proceeds raised from the
sale of Offered Shares.
The Offering is scheduled to close on or around
November 17, 2023 and is subject to certain conditions including,
but not limited to, receipt of all necessary approvals including
the approval of the TSX Venture Exchange
(“TSX-V”).
The Offered Shares will be subject to a
statutory four month and one day hold period. The Offered Shares
have not been, and will not be, registered under the United States
Securities Act, or any state securities laws, and accordingly may
not be offered or sold within the United States except in
compliance with the registration requirements of the U.S.
Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not
constitute an offer to sell or a solicitation to buy any securities
in any jurisdiction.
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.
Investor
Relations/information
Mr. Killian Charles, President and CEO
(info@brwexplo.ca)
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. Such forward-looking information
includes, but is not limited to, statements concerning the
Corporation’s expectations with respect to the use of proceeds and
the use of the available funds following completion of the
Offering; the completion of the Offering and the date of such
completion. 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.sedarplus.ca. 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-V nor its Regulation Services
Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this news
release.
Brunswick Exploration (TSXV:BRW)
過去 株価チャート
から 4 2024 まで 5 2024
Brunswick Exploration (TSXV:BRW)
過去 株価チャート
から 5 2023 まで 5 2024