Brunswick exploration announces non-brokered private placement of $3m

Not for distribution to united states newswire services or for dissemination in the united states montreal, nov. 25, 2024 (globe newswire) -- brunswick exploration inc. (“brw” or the "corporation") is pleased to announce a non-brokered private placement (the "offering") to raise gross proceeds of up to $3,000,000 from the sale of the following: up to 6,525,000 common shares of the corporation (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 $0.23 per quÉbec ft share for gross proceeds of up to $1,500,750; up to 2,326,000 common shares to be sold to canadian purchasers as “flow-through shares” within the meaning of the tax act (each, a “national ft share”) at a price of $0.215 per national ft share for gross proceeds of up to $500,090; and up to 3,226,000 common shares to be sold to canadian purchasers as “charity flow-through shares” (each, a “charity ft share”, and collectively with the quÉbec ft shares and the national ft shares, the “offered shares”) at a price of $0.31 per charity ft share for gross proceeds of up to $1,000,060. killian charles, president & ceo of brw, commented: “over the previous twelve months, we outlined one of quebec's premier lithium projects with our exciting mirage project.
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