Brunswick Exploration increases financing to $5.5M

Executive Summary

• Brunswick Exploration Inc. has upsized its previously announced non-brokered private placement, increasing the maximum gross proceeds from $4 million to $5.5 million due to strong investor demand.
• The offering consists of the sale of up to 22 million units at a price of $0.25 per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
• Proceeds will be used to accelerate the consolidation of high-priority targets across multiple jurisdictions and advance the company's Quebec portfolio.

Key Details

• Transaction Structure: Non-brokered private placement conducted under the listed issuer financing exemption (NI 45-106).
• Upsized Amount: Maximum gross proceeds increased to $5.5 million (from $4 million).
• Unit Price: $0.25 per unit.
• Quantity: Up to 22,000,000 units.
• Warrant Terms: Each unit includes one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.35. Warrants are exercisable for 36 months following the closing date.
• Use of Proceeds: Accelerate consolidation of multiple high-priority targets across several jurisdictions and advancement of the Quebec portfolio.
• Closing Date: Expected on or about March 18, 2026.
• Conditions: Subject to customary conditions, including receipt of necessary regulatory approvals and TSX Venture Exchange approval.
• Documentation: An amended and restated offering document is available on SEDAR+ and the company website.

Notable Quotes

• "With these additional funds, we will accelerate the consolidation of multiple targets across several jurisdictions that we have identified as high-priority alongside the advancement of our Quebec portfolio. We look forward to sharing the result of these initiatives as rapidly as possible over the coming weeks." — Killian Charles, President and CEO