BWR Exploration Inc. announces that it has a non-brokered private placement of up to 8,000,000 units at a price of CAD 0.03 per unit for gross proceeds of CAD 240,000 on November 24, 2022. Each Unit will consist of one common share and one-half common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of CAD 0.06 per share for a period of 24 months from the closing of the transaction and for the period that is for 24 months plus one day from closing of the transaction until the full warrant expiry date at a price of CAD 0.10 per warrant share.

The company will pay finders fees of 8% in cash and broker warrants in amount of up to 8% of the total number in the transaction. Each warrant will entitle the holder to purchase one share of the company at an exercise price of CAD 0.06 for 24 months from closing. The securities to be offered shall have a hold period of one day from the closing.

The transaction is subject to approval from TSX Venture Exchange and regulatory approval. The transaction is expected to close on December 15, 2022.