06:52:47 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Brigadier Gold Ltd (3)
Symbol BRG
Shares Issued 115,239,689
Close 2023-05-18 C$ 0.08
Market Cap C$ 9,219,175
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Brigadier Gold closes $670,215 first tranche financing

2023-05-18 17:39 ET - News Release

Mr. Robert Birmingham reports

BRIGADIER ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT

Brigadier Gold Ltd. has closed the first tranche of its private placement of units.

Pursuant to the first closing of the private placement, the company issued 9,574,513 units for a price of seven cents per unit, for gross proceeds of $670,215. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Brigadier at an exercise price of 15 cents for a period of 12 months from the date of issuance.

In connection with the private placement, the company paid cash commissions to qualified non-related parties in the aggregate amount of $35,169 and issued an aggregate of 502,415 compensation warrants entitling the holders to acquire one common share at a price of seven cents per share for a period of 12 months from the date of issuance.

The proceeds from the private placement will be used to finance exploration at the company's Nemaska2 project, for corporate marketing campaigns and for general working capital purposes. All common shares, warrants and compensation warrants issued in connection with the private placement, and any common shares issued in connection with the exercise of warrants or compensation warrants, will be subject to a four-month hold period in accordance with applicable securities laws and the policies of the exchange.

The company expects to complete a second and final closing for gross proceeds of approximately $110,000.

About Nemaska2 lithium project

The Nemaska2 project consists of 162 map-designated mining titles (Nemaska2 and Nemaska2 extension) covering a total area of 8,300 hectares and is located in Northern Quebec, approximately 160 kilometres east of James Bay, near the community of Nemaska. Neighbouring Brigadier's Nemaska2 project are claims held by Li-Ft Power, Brunswick Exploration, Dios Exploration, Critical Elements Lithium and about 23 kilometres to the east lies Nemaska Lithium's Whabouchi project.

We seek Safe Harbor.

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