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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 Re-Pricing of Non-Brokered Unit Private Placement

17/06/2011 9:46pm

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) (FRANKFURT:B7LN)
announces that it has re-priced its 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 previously announced on June 6, 2011. Pursuant
to the re-pricing, the subscription price of the Units has been reduced to $0.15
and the warrant exercise price has been reduced to $0.25. 


The Company intends to complete the Offering of up to 5.0 million Units at a
price of $0.15 per Unit. 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 $0.25 per share for a period
of one year from the date of the closing of the Offering. 


As previously announced, 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 $0.15 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.


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 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.


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