Mr. Killian Charles reports
BRUNSWICK EXPLORATION ANNOUNCES AGM RESULTS
Brunswick Exploration Inc. has released the results of its annual general meeting of shareholders held on June 12, 2025. Shareholders holding a total of 80,309,202 common shares of the corporation attended the AGM in person or were represented by proxy, representing approximately 37 per cent of the 218,274,932 common shares issued and outstanding.
Pierre Colas, Jeffrey Hussey, Andre Le Bel, Amy Satov, Mathieu Savard and Robert Wares were re-elected to the board of directors.
The shareholders also: (i) approved the reappointment of Raymond Chabot Grant Thornton LLP as auditor for the ensuing financial year; (ii) approved the deferred share unit plan adopted by the corporation's board of directors on April 30, 2025, allowing for a maximum of 2.4 million common shares to be awarded as deferred share units under the DSU plan; and (iii) ratified, approved and confirmed the stock option plan, as amended by the corporation's board of directors on April 30, 2025, allowing for a maximum of 19.4 million common shares to be subject to stock options under the stock option plan.
Collectively, the number of common shares reserved for issuance under all the corporation's security-based compensation plans, namely the stock option plan and the DSU plan, represents less than 10 per cent of the corporation's currently issued and outstanding common shares.
The adoption of the DSU plan and the amendment to the stock option plan remain subject to final approval by the TSX Venture Exchange.
About Brunswick Exploration
Inc.
Brunswick Exploration is a Montreal-based mineral exploration company focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.
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