Brigadier Gold Limited

Brigadier Gold Limited

March 30, 2012 12:51 ET

Brigadier Gold Announces Increase in Private Placement Financing to up to $650,000 from $325,000

TORONTO, ONTARIO--(Marketwire - March 30, 2012) - Brigadier Gold Limited (TSX VENTURE:BRG) (FRANKFURT:B7LN) announced today it is increasing the amount of its non-brokered private placement that was announced March 29th from $325,000 to $650,000 to fund the advancement of the Mozambique acquisition, and for general working capital purposes.

The private placement will consist of the issuance of units at a price of $0.05 per Unit, where each Unit consists of one common share and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one common share over a two-year period at a price of $0.10 per common share. A finder's fee of up to 8 per cent of the gross proceeds of the offering may be paid, on all or any portion of the financing raised, pursuant to the offering. In addition, finders will receive finders' warrants equal to up to 8 per cent 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 $0.10 per share for a period of one year after the closing.

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 finders' fee warrants are subject to the same terms.

We seek Safe Harbor

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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