Brunswick Signs Right to Repurchases 0.5% NSR on Select Claims at Mirage
Brunswick Signs Right to Repurchases 0.5% NSR on Select Claims at Mirage
MONTREAL, April 08, 2024 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; "BRW" or the "Company") is pleased to announce that it signed an agreement with Sirios Resources ("Sirios") to repurchase an existing 0.5% NSR on certain claims within the Mirage Project, located in the Eeyou Istchee James Bay region of Quebec.
蒙特利尔，2024年4月8日（GLOBE NEWSWIRE）——不伦瑞克勘探公司（多伦多证券交易所股票代码：BRW，OTCQB：BRWX；“BRW” 或 “公司”）欣然宣布，它与Sirios Resources（“Sirios”）签署了一项协议，回购位于Eeyou Istchee James Bay地区的魁北克幻影项目中某些索赔的0.5％NSR。
Mr. Killian Charles, President and CEO of BRW, commented: "We are excitedly looking forward to the approaching release of the first wave of results from our Winter 2024 campaign at Mirage as these results will continue to demonstrate the growing exploration prospectivity at Mirage. In the interim, we have been actively working in consolidating the region and improving the economic potential of the project through various opportunities including this royalty repurchase and the transaction announced today further cements Mirage as one of the leading lithium projects in our portfolio."
BRW总裁兼首席执行官基利安·查尔斯先生评论说：“我们兴奋地期待着我们在Mirage举行的2024年冬季活动的第一波结果即将发布，因为这些结果将继续表明幻影的勘探前景越来越大。在此期间，我们一直在积极努力巩固该地区，并通过各种机会提高该项目的经济潜力，包括这次特许权使用费回购和今天宣布的交易，进一步巩固了Mirage作为我们投资组合中领先的锂项目之一的地位。”
Royalty Repurchase Overview
特许权使用费回购概述
The royalty repurchase will be completed under the following terms and is subject to final approval from the TSXV:
特许权使用费回购将根据以下条款完成，并有待多伦多证券交易所的最终批准：
Cash payment of $50,000 within five business days of the agreement's final approval from the TSXV (the "Effective date")
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Payment schedule in cash, share or a combination of both, to Sirios:
$100,000, on or before the three-month anniversary of the Effective date;
$100,000, on or before a six-month anniversary of the Effective date;
$100,000, on or before a nine-month anniversary of the Effective date.
在协议获得多伦多证券交易所最终批准后的五个工作日内（“生效日期”）现金支付50,000美元
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向Sirios支付现金、股票或两者兼而有之的付款时间表：
100,000 美元，在生效日期三个月周年纪念日当天或之前；
100,000 美元，在生效日期六个月周年纪念日当天或之前；
100,000 美元，在生效日期九个月周年纪念日当天或之前。
The payment schedule is subject to the following constraints:
付款时间表受以下限制：
Minimum 25% in cash;
Share amount is calculated on the 10-day Volume Weighted Average Share Price preceding the date of the payment and is subject to a $0.40 minimum share price.
至少 25% 的现金；
股票金额根据付款之日前的10天成交量加权平均股价计算，最低股价为0.40美元。
Upon start of mineral extraction over the claims covered by this agreement, Brunswick will make a further milestone payment to Sirios of $250,000 in cash or an amount in shares (share amount is calculated on the 10-day Volume Weighted Average Share Price preceding the date of the payment and is subject to a $0.40 minimum share price) or a combination of both, at Brunswick's discretion.
在开始就本协议所涵盖的索赔进行矿产开采后，Brunswick将向Sirios支付额外的里程碑式的现金或一定金额的股票（股份金额根据付款之日前的10天成交量加权平均股价计算，最低股价为0.40美元），或两者兼而有之，由不伦瑞克自行决定。