12:33 PM EDT, 05/30/2025 (MT Newswires) -- Brunswick Exploration ( BRWXF ) on Friday said it closed a private placement of of LIFE and non-LIFE share units to raise $3.5 million, of including the full exercise of the agents' option for $1 million.

The company said it placed 12.98-million LIFE units priced at $0.13 and made up of a share and one-half of a three-year warrant to buy a second share for $0.20..

It also placed 12.08-million non-LIFE units priced at $0.15 and made up of a share and a full three-year warrant to buy a second share for $0.25.

Proceeds of the offering are to be used for exploration activities at its Quebec and Greenland projects, as well as for general corporate purposes and working capital.

Shares of the company were last seen down $0.005 to $0.12 on the TSX Venture Exchange.

Price: 0.12, Change: -0.01, Percent Change: -4.00