Brigadier Gold boosts private placement to $800,000
2012-04-12 10:22 PT - News Release
Shares issued 32,918,299
BRG Close 2012-04-11 C$ 0.07
Mr. Grant Hall reports
BRIGADIER GOLD ANNOUNCES INCREASE IN PRIVATE PLACEMENT FINANCING TO UP TO $800,000 FROM $650,000
Brigadier Gold Ltd. is increasing the amount of its non-brokered private placement that was announced March 30, 2012, from $650,000 to $800,000 to finance 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 five cents per unit, where each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share over a two-year period at a price of 10 cents per common share. Finders' fees 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 warrant will entitle the holder to purchase one common share at 10 cents 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.
