Brunswick Exploration Received $1.15 Million From Warrant Exercises

MONTREAL, Oct. 04, 2022 (GLOBE NEWSWIRE) — Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to provide an update on the outcome of the exercise of the Company’s warrants that expired on September 30, 2022.

A cumulative total of 5,735,000 warrants were exercised (at $0.20 per warrant), generating aggregate proceeds of approximately $1.15 million. After giving effect to the warrant exercises, as at October 4, 2022 the Company has 160,567,881 common shares issued and outstanding.

Mr. Killian Charles, President of BRW, commented: “Brunswick Exploration continues to gather momentum and is now well positioned to capitalize on its multiple exploration opportunities in Quebec, Atlantic Canada and, with the recent acquisition of lithium pegmatites near Hearst, in Ontario.”

About Brunswick Exploration

The Company is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for metals necessary to decarbonization and energy transition with a particular focus on lithium. The company is focused on rapidly advancing the most extensive grassroot lithium exploration claim package in Canada.

Investor Relations/information

Mr. Killian Charles, President ([email protected])

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Cautionary Statement on Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

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