Brunswick Exploration Closes Final Tranche of Non-Brokered Private Placement for Total Gross Proceeds of $5,445,000

Executive Summary

• Brunswick Exploration Inc. completed a non‑brokered private placement, issuing an additional 5 million units at $0.25 each for gross proceeds of $1.25 million, bringing total units issued to 20.78 million and total gross proceeds to $5.445 million.
• The net proceeds will be used to fund exploration activities on the Company’s lithium projects in Canada, Saudi Arabia and Greenland, as well as general corporate purposes and working capital.
• Each unit includes one common share and half of a warrant (full warrant purchase price $0.35, exercisable for 36 months); finder fees of $278,200 were paid and 490,000 non‑transferable finder warrants were issued.

Key Details

• Units Issued: 5,000,000 additional units (total 20,780,000 units) at $0.25 per unit.
• Gross Proceeds from Additional Units: $1,250,000; Total Gross Proceeds from Offering: $5,445,000.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant allows purchase at $0.35 per share, exercisable for 36 months).
• Finder Compensation: $278,200 paid to arm’s‑length third parties; 490,000 non‑transferable finder warrants issued (exercise price $0.25 per share, 24‑month term, subject to a 4‑month‑plus‑1‑day restriction period).
• Use of Proceeds: Exploration work on lithium properties in Canada, Saudi Arabia and Greenland; general corporate purposes and working capital.
• Regulatory Exemption: Offering relied on the listed issuer financing exemption under NI 45‑106 (Part 5A) and Coordinated Blanket Order 45‑935. Units are not subject to resale restrictions in Canada.
• U.S. Distribution Restrictions: Units not registered under U.S. securities laws; offering not available to U.S. persons absent an exemption.

Notable Quotes

“With the completion of this financing, we will be accelerating our international plans as our compilation work has identified several highly prospective jurisdictions that have seen limited to no prior lithium exploration… I look forward to releasing first results from our Anatacau drilling campaign very shortly.” – Killian Charles, President & CEO