Brunswick Resources Inc.
TSX VENTURE : BRU

Brunswick Resources Inc.

January 12, 2015 15:43 ET

Brunswick Announces Shares for Debt Settlement

ROUYN-NORANDA, CANADA--(Marketwired - Jan. 12, 2015) - Brunswick Resources Inc. (the "Corporation" or "Brunswick") (TSX VENTURE:BRU) announces two debt settlement agreements (the "Settlement Agreements") with two creditors of the Corporation whereby Brunswick would issue common shares of the Corporation at a deemed price of $0.10 per common share.

The Corporation will issue an aggregate number of 6,889,150 common shares at a price of $0.10 to two creditors. The amount of indebtedness that will be settled by the issuance of common share is $688,915.04.

One of the creditors is a non-arm's length party as it is a private company whose President is also a director and officer of the Corporation. That debt represents an amount of $347,000. The closing of these debts settlements is subject to the approval of the TSX Venture Exchange.

The securities that will be issued upon the closing of these debt settlements will be subject to a hold period of four months and one day.

Brunswick Resources Inc. is a publicly listed company trading on the TSX Venture (BRU).

This press release was prepared by Brunswick Resources Inc. Neither the TSX Venture Exchange Inc nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Brunswick Resources Inc.

Brunswick has as its flagship property the Abitibi Gold Property located in Munro Township in the famous Timmins mining camp. There are many surface gold showings that require investigation by ground geophysical surveys and followed up by a diamond drilling program. A recent airborne survey has successfully outlined many EM and magnetic structural features. A geophysical feature similar to the Croesus mine has been identified. The Abitibi Gold Property consists of 112 claims located approximately 86 kilometres east northeast of the city of Timmins in the Larder Lake Mining Division, Ontario.

This document may contain forward-looking statements relating to Brunswick's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Brunswick's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not placed on such forward-looking statements. Brunswick disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

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