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Be the first with the news that moves the market- Brunswick Exploration (BRW), formerly Komet Resources, has been approved to change its ticker code on the TSX Venture Exchange
- The company previously traded on the TSXV under the symbol KMT, but has now begun trading under the symbol BRW
- This change is part of Brunswick’s process to restructure into a base and precious metals explorer in Eastern Canada
- To this end, the company recently closed a private placement of C$1.6 million in units and $1.7 million in flow-through shares
- Brunswick Exploration (BRW) is up 25 per cent and is currently trading at 25 cents per share
Brunswick Exploration (BRW) formerly Komet Resources, has been approved to change its ticker code on the TSX Venture Exchange.
Until yesterday, the company had traded its common shares on the TSXV under the symbol KMT. As of today, the company began trading its common shares under the symbol BRW.
This latest change is part of Brunswick’s plan to restructure the company into a base and precious metals explorer in Eastern Canada. To this end, Komet Resources agreed to a C$15 million option agreement for Osisko Mining’s (OSK) Brunswick Belt exploration property in August of this year.
More recently, the company also closed a non-brokered private placement, which consisted of $1.6 million in units and $1.7 million in flow-through shares. A total of 117,287,368 common shares in Brunswick Exploration are currently issued and outstanding.
These recent asset acquisitions and capital raises have ensured that the company is well positioned to begin its base metal exploration programs. Specifically, its short-term focus will be base metals in Quebec’s Chibougamau region, and the Bathurst Camp is northern New Brunswick.
Brunswick Exploration’s Chairman and Interim President, Robert Wares, commented on the company’s ongoing process to transform itself.
“The restructuring of the company is going very well, with outstanding shareholder support.
“We are now poised to launch excellent exploration initiatives in Eastern Canada and are looking to acquire new projects for both base and precious metals,” he said.
Brunswick Exploration (BRW) is up 25 per cent and is trading at 25 cents per share at 1:31pm EDT.
