Brigadier Gold Limited

Brigadier Gold Limited

September 11, 2012 14:27 ET

Brigadier Announces Closing of Initial Tranche of Private Placement Financing

TORONTO, ONTARIO--(Marketwire - Sept. 11, 2012) - Brigadier Gold Limited (TSX VENTURE:BRG) (FRANKFURT:B7LN) is pleased to announce that it has closed the $402,500 initial tranche of its previously announced non-brokered private placement financing of up to $500,000, the proceeds of which will be used for working capital requirements and to finance due diligence activities in Africa.

The private placement consists of the issuance of units (each, a "Unit") at a price of $0.05 per Unit, where each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share over a two-year period at a price of $0.10 cents per common share.

In connection with the Private Placement, Brigadier has paid to finders (i) cash fees of 8% on that portion of the funds raised by the respective finder, (ii) warrants to purchase common shares equal to 8% of the number of Units sold by Brigadier through the respective finder's introduction(s) at $0.10 for a period of 12 months following closing.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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