BRUNSWICK RESOURCES INC. (?BRU?)
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to a non-arm?s length Option agreement dated November 26, 2014 between Explor Resources Inc. (?Explor?) and Brunswick Resources Inc. (?Brunswick?), in connection with the option granted to Brunswick to acquire from Explor an interest of 100% in the Chester property located in New Brunswick.
The consideration payable by Brunswick to acquire a 100% interest in the Chester property consists of cash payments in the aggregate amount of $140,000 (of which $40,000 to Explor and $100,000 to the vendors of the property to Explor), the issuance to Explor of 5,000,000 common shares of Brunswick and $500,000 exploration works. That consideration is payable over a period of three years.
Brunswick will assume existing royalties on the property varying between 1% and 2% NSR.
For further details, please refer to the Company?s press releases dated April 22, 2014, June 20, 2014 and December 22, 2014.
RESSOURCES BRUNSWICK INC. (< BRU >)
TYPE DE BULLETIN : Convention d?achat de propriete, d?actif ou d?actions
DATE DU BULLETIN : Le 16 janvier 2015
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de la documentation relativement a une convention d?option datee du 26 novembre 2014 entre Ressources Explor Inc. (< Explor >) et Ressources Brunswick Inc. (< Brunswick >) relativement a l?octroi d?une option a Brunswick d?acquerir un interet de 100% dans la propriete Chester situee au Nouveau-Brunswick.
La consideration payable par Brunswick afin d?acquerir un interet de 100% dans la propriete Chester consiste en des paiements en especes totalisant 140 000 $ (dont 40 000 $ a Explor et 100 000 $ aux vendeurs de la propriete a Explor), l?emission a Explor de 5 000 000 d?actions ordinaires de Brunswick et 500 000 $ en travaux d?exploration. Cette consideration est payable sur une periode de trois ans.
Brunswick assumera des royautes existantes sur la propriete variant entre 1% et 2% NSR.
Pour plus d?information, veuillez vous referer aux communiques de presse emis par la societe les 22 avril 2014, 20 juin 2014 et 22 decembre 2014.
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