Transactions

Peterson McVicar Acts for Red Cloud in Brokered Private Placement of up to C$4.0M and concurrent Non-Brokered Private Placement of C$0.5M with Brunswick Exploration Inc.

On December 6, 2022 Brunswick Exploration Inc. ("BRW" or the "Company") announced that it had entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of agents (the "Agents") in connection with a "best-efforts", private placement (the "Offering") for gross proceeds of up to C$4,000,000 from the sale of the following:

 

  • up to 2,666,667 Quebec-eligible flow-through units of the Company to be sold to charitable purchasers (each, a "Quebec Charity FT Unit") at a price of C$0.75 per Quebec Charity FT Unit for gross proceeds of up to C$2,000,000 from the sale of Quebec Charity FT Units; and

  • up to 3,571,429 flow-through units of the Company to be sold to charitable purchasers (each, a “National Charity FT Unit”, and collectively with the Quebec Charity FT Units, the "Offered Securities") at a price of C$0.56 per National Charity FT Unit for gross proceeds of up to C$2,000,000 from the sale of National Charity FT Units.

 

The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional C$1,000,000 in any combination of Quebec Charity FT Units and National Charity FT Units at the offering prices.

 

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under the symbol BRW. The Company is focused on grassroots exploration for hard rock lithium deposits in Eastern Canada, a critical metal necessary to global decarbonization and energy transition.

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Recent Transactions

06 December 2022

Peterson McVicar Acts for Red Cloud in Brokered Private Placement of up to C$4.0M and concurrent Non-Brokered Private Placement of C$0.5M with Brunswick Exploration Inc.

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