Brunswick Closes Bridge Financing
14 Diciembre 2020 - 6:30AM
Brunswick Resources Inc. (TSX-V: BRU.H)
(“
Brunswick” or the
“
Corporation”) is pleased to announce that further
to its November 17, 2020, news release, the Corporation has
received TSX Venture Exchange (the “Exchange”) conditional
acceptance and has closed its bridge financing (the “Bridge
Financing”), representing the funds needed to fund the Corporation
as it works to satisfy the closing conditions for the reverse
takeover transaction with Poko Goup Ltd. (the “
Proposed
Transaction”).
The Bridge Financing consists of the issuance of
7,262,844 common shares in the capital of Brunswick at a price of
C$0.019 per share for aggregate gross proceeds of C$137,975.
All securities issued under the Bridge Financing
are subject to a four month hold period, expiring April 12,
2021.
The Corporation also confirms that it will
complete the proposed consolidation (the
“Consolidation”) of its issued and outstanding
common shares, on the basis of one new common share for every five
(5) common shares of Brunswick issued and outstanding on the
effective date of the Consolidation, notwithstanding the completion
of the Proposed Transaction.
About Brunswick Resources
Inc.
Brunswick is a mineral exploration company with
an interest in the Lac Irene property, located in the Province of
Quebec, with its head office in Rouyn-Noranda. Brunswick is a
"reporting issuer" in the provinces of British Columbia, Alberta,
Saskatchewan and Ontario.
For further information, please contact:
For Brunswick Resources Inc. |
For The Poko Group. |
|
|
Christian Dupont, President and CEO Phone :(705) 266-6795 Website:
www.brunswickresources.com Email :
brunswickresources@gmail.com |
Justine O’Hanlon, Director and CEO Phone: (00353) 87 184 7972
Email:
justine@orhmarketing.com |
Other Information
Completion of the Proposed Transaction is
subject to a number of conditions, including but not limited to,
Exchange acceptance and if applicable, disinterested shareholder
approval. Where applicable, the transaction cannot close until the
required shareholder approval is obtained. There can be no
assurance that the Proposed Transaction will be completed as
proposed or at all.
Investors are cautioned that, except as
disclosed in the management information circular or filing
statement to be prepared in connection with the Proposed
Transaction, any information released or received with respect to
the transaction may not be accurate or complete and should not be
relied upon. Trading in the securities of Brunswick should be
considered highly speculative.
The TSX Venture Exchange Inc. has in no way
passed upon the merits of the proposed transaction and has neither
approved nor disapproved the contents of this news release.”
Brunswick Resources (TSXV:BRU)
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