Brunswick Exploration arranges $4M private placement

Executive Summary

• Brunswick Exploration Inc. announced an insider-led, non-brokered private placement for the sale of up to 16 million units at $0.25 per unit, raising gross proceeds of up to $4 million.
• The financing is intended to fund exploration activities in Canada, Saudi Arabia, and Greenland, as well as general corporate purposes and working capital.
• The transaction involves significant insider participation, constituting a related party transaction, with the closing expected on or about March 18, 2026.

Key Details

• Transaction Structure: Non-brokered private placement of up to 16 million units.
• Price: $0.25 per unit.
• Gross Proceeds: Up to $4,000,000.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $0.35 per share. Warrants are exercisable for a period of 36 months following the closing date.
• Use of Proceeds: Exploration activities at properties in Canada, Saudi Arabia, and Greenland; general corporate purposes; and working capital.
• Insider Participation: The offering is led by insiders, including President and CEO Killian Charles. It constitutes a related party transaction under Multilateral Instrument 61-101.
• Regulatory Exemptions: The corporation relies on exemptions from formal valuation and minority shareholder requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of securities and consideration paid by insiders will not exceed 25% of the corporation's market capitalization.
• Closing Date: Expected on or about March 18, 2026, or within 45 days of the release date, subject to conditions including TSX Venture Exchange approval.
• Jurisdiction: Offered to purchasers in all Canadian provinces under the listed issuer financing exemption.

Notable Quotes

• "This financing comes at critical time for Brunswick Exploration as we look to begin our exploration in Saudi Arabia and continue growing our international footprint. Over the last 12 months, we have identified multiple high-priority jurisdictions that have seen little to no lithium exploration efforts. We strongly believe that we can consolidate a significant portion of global lithium grassroot targets, further strengthening our position as the premier lithium exploration company. We are extremely excited to expand this next chapter for the company and our shareholders." — Killian Charles, President and CEO