Brunswick exploration closes upsized non-brokered private placement of $4.8m

Not for distribution to united states newswire services or for dissemination in the united states montreal, dec. 20, 2024 (globe newswire) -- brunswick exploration inc. (tsx-v: brw, otcqb: brwxf; frankfurt:1xq; “brw” or the “company”) is pleased to announce the closing of its previously announced non-brokered private placement (the "offering") which was upsized with aggregate gross proceeds of $4,809,370.20 from the sale of the following: 11,755,382 common shares of the corporation (each, a “common share”) 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 $2,703,737.86; 4,837,242 common shares 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 $1,040,007.03; and 3,437,501 common shares 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 $1,065,625.31. mr. killian charles, president and ceo, commented: “i'm pleased to see such strong support from existing shareholders and board members in this financing.
BC Ratings Summary
BC Quant Ranking