Brigadier Gold Limited

Brigadier Gold Limited

June 05, 2006 15:18 ET

Brigadier Gold 'TSX-V: BRG' Announces Proposed Private Placement

TORONTO, ONTARIO--(CCNMatthews - June 5, 2006) - Brigadier Gold Limited (TSX VENTURE:BRG) (the "Corporation") announced today that it has entered into an agency agreement with NuWave Financial (the "Agent") in connection with a private placement for an aggregate of up to 4,000,000 units at a purchase price of $0.125 per unit, for gross proceeds of up to $500,000. 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. The Agent will have an over-allotment option expiring on closing of the placement to place an additional 1,000,000 units at $0.125 per unit, potentially increasing the gross proceeds of the offering to $625,000. The Corporation plans to use the proceeds from the offering for general working capital and to further fund exploration and development activities.

The securities to be issued under this offering will be offered by way of private placement in British Columbia, Alberta, Saskatchewan, Quebec and Ontario and such other jurisdictions as may be agreed upon by the Corporation and the Agent. 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 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 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 Ltd.
    Herb Kokotow
    President & CEO
    (416) 410-7956
    (905) 707-1520 (FAX)