Brunswick Exploration Closes Upsized Non-Brokered Private Placement of $2.1 M

Executive Summary

• Brunswick Exploration closed a non‑brokered private placement raising approximately $2.12 million from the sale of 12,123,097 flow‑through common shares at $0.175 per share.
• The proceeds will fund an aggressive 2026 drill program, including expanded drilling at Anatacau and new work on Mirage, with a maiden resource estimate expected in early January 2026.
• Insiders purchased 314,200 FT Shares; the offering is exempt from certain minority‑shareholder approval requirements and remains subject to final TSX‑V approval.

Key Details

• Gross proceeds: ~ $2,121,542.
• Shares sold: 12,123,097 flow‑through common shares (“FT Shares”).
• Price per FT Share: $0.175.
• Finder’s fees paid: $62,726.24 to arm’s‑length third parties.
• Insider participation: 314,200 FT Shares issued to insiders (related‑party transaction).
• Regulatory notes: Offering exempt from formal valuation and minority‑shareholder approval under Regulation 61‑101; final TSX‑V approval still required.
• Holding period: Statutory four‑month plus one‑day hold on FT Shares.
• Use of proceeds (forward‑looking): Fund the Mirage maiden resource estimate, expanded drilling at Anatacau, prospecting in Saudi Arabia, and Q2 2026 drilling at Mirage.

Notable Quotes

“With the Mirage maiden resource estimate expected in the first two weeks of January and the closing of this financing, BRW will have an aggressive start to 2026… we will be returning to drill the recent discovery at Anatacau with a significantly expanded drill program before continuing with prospecting in Saudi Arabia and drilling at Mirage, both expected to begin in the second quarter.” – Killian Charles, President & CEO.