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Brutus Mining Inc
Symbol BRU
Shares Issued 21,283,500
Close 2026-09-18 C$ 0.38
Market Cap C$ 8,087,730
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Brutus Mining arranges private placements to raise $3M

2026-09-21 17:11 ET - News Release

Mr. Christos Doulis reports

BRUTUS MINING ANNOUNCES $3.0 MILLION PRIVATE PLACEMENT FINANCINGS

Brutus Mining Inc. has proposed to undertake two concurrent non-brokered private placements for combined gross proceeds of up to approximately $3-million: a hard dollar unit offering and a flow-through unit offering.

Each unit will be sold at a price of 35 cents per unit, for up to 5,714,285 units and gross proceeds of up to $1,999,999.75. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of $0.40 for a period of 24 months from the closing date.

Each FT unit will be sold at a price of 40 cents per FT unit, for up to 2.5 million FT units and gross proceeds of up to $1-million. Each FT unit will consist of one common share of the company issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one common share purchase warrant. Each FT warrant will entitle the holder to purchase one share, which will not be a flow-through share, at a price of 43 cents for a period of 24 months from the closing date.

The company intends to use the proceeds of the unit offering for exploration on the CW property, the evaluation of new project opportunities and for general working capital purposes. The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. A portion of the unit offering may be completed in accordance with the exemption set out in B.C. Instrument 45-536 -- Exemption from Prospectus requirement for certain distributions through an investment dealer and the corresponding blanket orders and rules in the other Canadian jurisdictions that have adopted the same or a similar exemption from the prospectus requirement. The investment dealer exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick to a person or company who has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in such person's or company's jurisdiction. As required by the investment dealer exemption, the company confirms that, as of the date of this press release, there is no "material fact" or "material change" (as those terms are defined under applicable securities laws) related to the company which has not been generally disclosed. The gross proceeds of the FT offering will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures (as those terms are defined in the Income Tax Act (Canada)) on the CW property. The company will renounce all qualifying expenditures to the subscribers of the FT units with an effective date no later than Dec. 31, 2026.

The company will pay finders' fees to eligible finders in connection with the offerings, subject to compliance with applicable securities laws and the policies of the Canadian Securities Exchange. There will be a hold period of four months and one day on all securities issued under the offerings.

About Brutus Mining Inc.

Brutus Mining is a Vancouver-based mineral exploration company. Its sole mineral property interest is an option to acquire a 100-per-cent interest in the CW property, five contiguous mineral claims totalling 2,894.56 hectares in the Kamloops mining division of British Columbia, approximately 100 kilometres north of Kamloops. The property hosts five reported Minfile showings with copper and gold mineralization, and is at an early stage of exploration. No mineral resources or mineral reserves have been estimated on the property.

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