Brigadier Gold Limited

Brigadier Gold Limited

June 06, 2006 16:33 ET

Brigadier Gold 'TSX-V: BRG' Announces Closing of First Tranche of Private Placement

TORONTO, ONTARIO--(CCNMatthews - June 6, 2006) - Brigadier Gold Limited (TSX VENTURE:BRG) (the "Corporation") announced today that it has closed the first tranche of 1,240,000 Units for an aggregate of gross proceeds in the amount of $155,000. This initial placement forms part of a larger offering of up to an aggregate of 4,000,000 units at a purchase price of $0.125 per unit, for potential aggregate gross proceeds of up to $500,000 (with an over-allotment of up to 1,000,000 units for an additional $125,000). Each unit will be comprised of one common share of the Corporation plus one warrant. Each warrant entitles the holder thereof to acquire one additional common share of the Corporation at any time for a period of up to one year from the date of issue for $0.18 per share. NuWave Financial of Vancouver will receive a 10% cash commission on the initial placement. The Corporation plans to use the proceeds from the offering for general working capital and to further fund exploration and development activities.

The final placement of the offering is scheduled to close on or about the 20th day of June, 2006.

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 an option to earn up to an 80% interest in the Hunter Mine, a former gold producer in the Porcupine Mining Camp near Timmins, Ontario 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 the Kirkland Lake-Larder Lake and Matachewan areas where over 37 million ounces of gold have been produced from 25 mines.

Brigadier has 15,515,335 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)