Capital Financing
Brunswick Exploration upsizes LIFE offering and concurrent placement for gross proceeds of up to $20 million
Amount raised
Up to $20 million
As stated in the company’s headline
Issue price
$0.19, $0.30 and $0.28
Common, Charity FT and FT shares respectively
Securities issued
Up to 21,050,000 Common Shares
Also up to 46,150,000 Charity FT Shares and up to 7,142,857 FT Shares
Settlement or listing date
On or about November 25, 2026
Expected closing date
Summary
Brunswick Exploration Inc. has amended its agreement with Canaccord Genuity Corp., as lead agent for a syndicate of agents, to increase the size of its previously announced best efforts private placement. The company states the upsized Marketed Offering is for aggregate gross proceeds of up to $17,844,500 from Common Shares at $0.19 and Charity FT Shares at $0.30. It is also completing a concurrent non-brokered private placement of FT Shares at $0.28 for gross proceeds of up to $2,000,000. The company’s headline describes the financing as gross proceeds of up to $20 million. Closing is expected on or about November 25, 2026, subject to conditions including a minimum raise of $8,000,000 under the Marketed Offering and TSX Venture Exchange approval.
Offer terms
| Term | Detail |
|---|---|
| Instrument | Common Shares and Charity FT Shares under the Marketed Offering (best efforts private placement under the listed issuer financing exemption), plus FT Shares under the non-brokered Concurrent Private Placement |
| Price | $0.19 per Common Share, $0.30 per Charity FT Share and $0.28 per FT Share |
| Underwriting | Best efforts offering through a syndicate of agents led by Canaccord Genuity Corp. Agents to receive a cash fee equal to 6% of the gross proceeds of the LIFE Offering and non-transferable warrants representing 3% of the aggregate number of Charity FT Shares and Common Shares issued under the LIFE Offering, each exercisable for one Common Share at $0.19 for 36 months following the Closing Date |
Use of proceeds
- Gross proceeds from the sale of the Charity FT Shares and the FT Shares to be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” on the Company’s properties in Québec, Canada on or before December 31, 2027
- All Qualifying Expenditures to be renounced in favour of the subscribers of the Charity FT Shares and FT Shares effective December 31, 2026
- Net proceeds from the sale of the Common Shares to be used for exploration activities at the Company’s properties and for working capital and general corporate purposes
Timetable
| November 4, 2026 | Concurrent Private Placement announced |
|---|---|
| November 25, 2026 | LIFE Offering and Concurrent Private Placement expected to close on or about this date, or such other date(s) as the Company and the Agents may agree |
| December 31, 2026 | Qualifying Expenditures renounced in favour of subscribers effective |
| December 31, 2027 | Qualifying Expenditures to be incurred on or before this date |
Source: Brunswick Exploration announcement dated 5 November 2026. This page summarises information from the company's public announcement and is provided for general information only. It is not financial product advice, a recommendation or an offer, and it does not take into account any person's objectives, financial situation or needs. Figures and terms are taken from the announcement and may be incomplete or may have changed since publication. Refer to the original announcement for full details. Kamoa Capital has not independently verified the information.
