BRIGADIER GOLD LIMITED (the ?Company?) (TSX-V: BRG) is pleased to announce its intention to complete a non-brokered private placement offering (the ?Offering?) of up to 3.75 million units (?Units?) at $0.20 per unit for total gross proceeds of up to $750,000. Each unit will be comprised of one common share (a ?Common Share?) and one half of one (1/2) non-transferable common share purchase warrant (a ?Warrant?). Each whole Warrant will entitle the holder thereof to acquire one additional Common Share at a price of $0.35 per share for a period of one year from the date of the closing of the Offering.
A finder?s fee of up to 8% of the gross proceeds of the offering may be paid, on all or any portion of the funds raised pursuant to this Offering. In addition, finders will receive finder?s warrants equal to up to 8% of the number of Units issued in connection with the Offering. Each finder?s warrant will entitle the holder to purchase one Common Share at $0.20 per share for a period of one year after the closing.
Proceeds from the Offering will be used in part for additional project evaluation at Incamayo and for general working capital purposes.
All securities issued in connection with the Offering will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws. The Offering is subject to the approval of the TSX Venture Exchange and required regulatory approvals. The finder's fee warrants are subject to the same terms.
We seek Safe Harbor.
For further information, please visit our website at www.brigadiergold.com or see contact information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Grant Hall
Brigadier Gold Limited
President & CEO
(416) 410-7956
(905) 707-1520 (FAX)
info@brigadiergold.com
www.brigadiergold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein constitute forward-looking statements, including statements concerning the anticipated closing date of the Offering and the anticipated use of proceeds. We believe the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. Closing could be delayed if the Company cannot obtain necessary regulatory approvals within anticipated timelines and will not be completed unless certain conditions customary for transactions of this kind are satisfied. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.