Brunswick Announces Closing of Private Placements for Aggregate Proceeds of $3.106 Million
MONTREAL, Dec. 21, 2020 (GLOBE NEWSWIRE)
Brunswick Exploration Inc., (“
Brunswick” or the “
Company”) is pleased to announce that it has closed its previously announced non-brokered private placements for aggregate gross proceeds of $3,106,916, consisting of the issuance of (i) 5,000,000 units of the Company (each, a
Unit ) at a price of $0.22 per Unit, for gross proceeds of $1.1 million and (ii) 9,122,344 flow-through shares of the Company (the “
FT Shares”), at a price of $0.22 per FT Share, for gross proceeds of $2,006,916 (collectively, the
Offerings ).
Each Unit consists of one common share of the Company (each, a
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