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.
蒙特利爾，2024年4月8日（GLOBE NEWSWIRE）——不倫瑞克勘探公司（多倫多證券交易所股票代碼：BRW，OTCQB：BRWX；“BRW” 或 “公司”）欣然宣佈，它與Sirios Resources（“Sirios”）簽署了一項協議，回購位於Eeyou Istchee James Bay地區的魁北克幻影項目中某些索賠的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總裁兼首席執行官基利安·查爾斯先生評論說：“我們興奮地期待着我們在Mirage舉行的2024年冬季活動的第一波結果即將發佈，因爲這些結果將繼續表明幻影的勘探前景越來越大。在此期間，我們一直在積極努力鞏固該地區，並通過各種機會提高該項目的經濟潛力，包括這次特許權使用費回購和今天宣佈的交易，進一步鞏固了Mirage作爲我們投資組合中領先的鋰項目之一的地位。”
Royalty Repurchase Overview
特許權使用費回購概述
The royalty repurchase will be completed under the following terms and is subject to final approval from the TSXV:
特許權使用費回購將根據以下條款完成，並有待多倫多證券交易所的最終批准：
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.
在協議獲得多倫多證券交易所最終批准後的五個工作日內（“生效日期”）現金支付50,000美元
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向Sirios支付現金、股票或兩者兼而有之的付款時間表：
100,000 美元，在生效日期三個月週年紀念日當天或之前；
100,000 美元，在生效日期六個月週年紀念日當天或之前；
100,000 美元，在生效日期九個月週年紀念日當天或之前。
The payment schedule is subject to the following constraints:
付款時間表受以下限制：
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% 的現金；
股票金額根據付款之日前的10天成交量加權平均股價計算，最低股價爲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.
在開始就本協議所涵蓋的索賠進行礦產開採後，Brunswick將向Sirios支付額外的里程碑式的現金或一定金額的股票（股份金額根據付款之日前的10天成交量加權平均股價計算，最低股價爲0.40美元），或兩者兼而有之，由不倫瑞克自行決定。