Brigadier Gold Limited

Brigadier Gold Limited

May 25, 2006 14:18 ET

Brigadier Gold Closes Two Private Placements

TORONTO, ONTARIO--(CCNMatthews - May 25, 2006) - Brigadier Gold Limited (TSX VENTURE:BRG) (the "Corporation") announced today that it has completed two non-brokered private placements for an aggregate of $189,091.

The first placement is for an aggregate of 343,750 flow-through units at a purchase price of $0.16 per flow-through unit. Each flow-through unit consists of one flow-through common share and one common share purchase warrant ("Warrant"). Each Warrant is exercisable into one additional common share of the Corporation at an exercise price of $0.18 for a period of 7 months from the date of closing.

The second placement is for an aggregate of 26.8182 units. Each unit consists of forty-thousand common shares (issued at an effective price of $0.125 per share) and forty-thousand common share purchase warrants. Each common share purchase warrant is exercisable at $0.145 per common share, for a period of 6 months following the date of closing. The Corporation issued a finder's fee in connection with the placement of the 26.8182 units in the amount of $5,000.

Proceeds of the two placements will be used to provide general working capital and to fund exploration and development activities.

About Brigadier Gold

Brigadier Gold Ltd. is a junior exploration company focused on gold in Canada's historical mining camps. The Company's key assets are the Hunter Mine, a former gold producer in the Porcupine Mining Camp near Timmins, Ont. from which more than 60 million ounces of gold has been produced from a number of deposits including the Dome, Hollinger, Pamour and Hoyle Pond mines; and properties in the Kirkland Lake-Larder Lake and Matachewan areas where over 37 million ounces of gold have been produced from 25 mines.

Brigadier has 14,275,335 common shares outstanding and trades on the TSX Venture Exchange under the symbol BRG.

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Brigadier, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Brigadier's expectations are disclosed under the heading "Risk Factors" and elsewhere in Brigadier's documents filed from time-to-time with regulatory authorities.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Brigadier Gold Limited
    Herb Kokotow
    President & CEO
    (416) 410-7956
    (905) 707-1520 (FAX)