Brigadier Gold Limited

Brigadier Gold Limited

August 21, 2012 11:07 ET

Brigadier Gold Announces Private Placement Financing

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2012) - Brigadier Gold Limited (TSX VENTURE:BRG) (FRANKFURT:B7LN) announced today it intends to complete a non-brokered private placement of up to 7 million Units to raise up to $350,000 for working capital requirements and to finance due diligence activities in Africa through 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. Finders' fees in the form of cash and/or warrants may be given to persons introducing investors to the Company.

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.

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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