Brigadier Gold Limited

Brigadier Gold Limited

April 20, 2007 16:21 ET

Brigadier Gold (TSX-V: BRG) Announces Closing of Private Placement

TORONTO, ONTARIO--(CCNMatthews - April 20, 2007) - Brigadier Gold Limited (TSX VENTURE:BRG) (the "Corporation") announced today that it has completed a non-brokered private placement for an aggregate of 1,285,714 units at a purchase price of $0.105 per unit, for gross proceeds of $135,000. Each unit is comprised of one common share of the Corporation plus one common share purchase warrant. Each common share purchase warrant entitles the holder thereof to acquire one additional common share of the Corporation at any time up January 20, 2008 at a price of $0.14 per common share.

NuWave Financial Ltd. of Vancouver received a 10% cash finder's fee on the placement in the amount of $13,500. The Corporation plans to use the proceeds from the offering to further fund general working capital and for exploration and development activities.

About Brigadier Gold

Brigadier Gold Limited 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 27,058,468 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)