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Brunswick Exploration (TSX-V: BRW) increased its previously announced marketed private placement to gross proceeds of up to C$17.84 million, citing strong investor demand, with Canaccord Genuity Corp. as lead agent. The company is also conducting a concurrent non-brokered private placement of up to 7,142,857 flow-through shares, bringing total gross proceeds to as much as C$20 million.
MONTREAL, Nov. 5, 2026 — Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT: 1XQ) said it has amended its agreement with Canaccord Genuity Corp. to increase the size of its previously announced marketed private placement, citing strong investor demand.
Marketed placement raised to up to C$17.84 million
Canaccord Genuity Corp. is acting as lead agent, on behalf of a syndicate of agents, for the marketed private placement.
The company said the offering will now consist of a total gross proceeds of up to C$17,844,500 from the sale of any combination of securities. The source material does not specify the individual security types or pricing under the marketed placement.
Concurrent non-brokered flow-through placement
As announced on Nov. 4, 2026, Brunswick is also conducting a concurrent non-brokered private placement of up to 7,142,857 common shares of the company.
Those shares are flow-through shares and also qualify as “flow-through shares” within the meaning of subsection 66(15) of the Tax Act and within the meaning of section 359.
Combined gross proceeds of up to C$20 million
Together, the increased marketed placement and the concurrent non-brokered placement bring total gross proceeds to as much as C$20 million.
Distribution restrictions
The announcement stated that the release is not to be distributed to U.S. newswire services or disseminated in the United States.