Brigadier Gold Limited

Brigadier Gold Limited

October 25, 2010 13:30 ET

Brigadier Gold (TSX-V: BRG) Announces Increase in Private Placement from Up to $1-Million to Up to a Maximum of $1.5 Million

TORONTO, ONTARIO--(Marketwire - Oct. 25, 2010) - Brigadier Gold Limited (TSX VENTURE:BRG) today announced an increase to the private placement it announced on October 13th in which it proposed to raise up to $1-million by way of a private placement to further finance the first portion of the exploration program for the option on the Incamaya property and general corporate purposes. This amount has been increased to a maximum of $1.5 million. The private placement will consist of the issuance of units at a price of $0.18 unit, where each unit consists of one common share, and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase one common share over a one-year period at a price of $0.25 per common share. In the event that the common shares close at a price in excess of $0.70 for 20 consecutive trading days, Brigadier may reduce the exercise period to 30 days after giving notice of same.

Contact Information

  • Brigadier Gold Limited
    Herb Kokotow
    Treasurer and CFO
    (416) 410-7956
    (905) 707-1520 (FAX)