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BRG Brigadier Gold Limited

0.01
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Brigadier Gold Limited TSXV:BRG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0 01:00:00

Brigadier Gold Limited Announces Final Closing of Private Placement

29/07/2011 10:01pm

Marketwired Canada


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


BRIGADIER GOLD LIMITED (the "Company") (TSX VENTURE:BRG) is pleased to announce
that it has completed the second and final closing of its previously announced
non-brokered private placement (the "Offering") of units ("Units"). The Company
issued 700,000 Units at a price of $0.15 per Unit for gross proceeds of $105,000
in this second closing. Each Unit issued pursuant to the Offering is comprised
of one common share in the share capital of the Company (a "Common Share") and
one-half of one Common Share purchase warrant (each, a "Warrant"). Each whole
Warrant issued pursuant to this second tranche of the Offering entitles the
holder to acquire one Common Share at a price of $0.25 per Common Share until
July 29, 2012. 


The total gross amount of $455,040 was received by the Company from the sale of
a total of 3,033,600 Units pursuant to the Offering.


All securities issued at this second closing of the Offering are subject to a
four-month hold period, which expires on November 30, 2011, in accordance with
applicable Canadian securities laws. 


Proceeds from the Offering will be used in part for additional project
evaluation at Incamayo and for general working capital purposes.


Completion of the Offering is subject to certain conditions including, but not
limited to, the receipt of all necessary regulatory approvals including TSX
Venture Exchange acceptance. 


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.


For further information, please visit our website at www.brigadiergold.com or
see contact information.


Cautionary Note Regarding Forward-Looking Statements 

Certain statements contained herein constitute forward-looking statements,
including 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. These statements
are based on current expectations and assumptions that are subject to risks and
uncertainties. 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.


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