Mr. Ranjeet Sundher reports
BRIGADIER ANNOUNCES INCREASE TO PRIVATE PLACEMENT
Further to the announcement on July 8, 2020, regarding the non-brokered private placement of up to 10 million units at a price of 25 cents per unit for gross proceeds of up to $2.5-million, Brigadier Gold Ltd.'s offering has been increased to up to 13,461,538 units for gross proceeds of up to $3.5-million. In addition, the price of each unit has been increased to 26 cents per unit. Each unit is composed of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share for 40 cents for a period of one year from the date of issuance. The company may pay a 7-per-cent cash finder's fee in connection with the offering, to qualified non-related parties, in accordance with the policies of the TSX Venture Exchange.
Proceeds from the offering will be used to finance exploration of Brigadier's exploration projects, as well as for marketing and general working capital purposes.
All securities issued under the offering, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance.
The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval of the exchange.
About Brigadier Gold Ltd.
Brigadier Gold was formed to leverage what it believes will be the next major bull market in the natural resource sector, particularly precious metals. Its mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.
Led by a management team with decades of experience in mineral exploration and capital market development, the company is focused on advanced exploration opportunities in politically stable jurisdictions.
We seek Safe Harbor.
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