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| Home : Brigadier Gold Announces Private Placement |
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Mar 25
2017 |
Brigadier Gold Announces Private Placement |
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TORONTO, ONTARIO--(Marketwired - March 24, 2017) - Brigadier Gold Limited ("Brigadier" or the "Company") (NEX:BRG.H) is pleased to announce that it will be seeking approval from the TSX Venture Exchange to complete a non-brokered private placement offering (the "Offering") of up to $1,000,000 in gross proceeds based on the issuance of up to 10,000,000 units (the "Units") at a price of $0.10 per Unit. Each Unit will consist of one common share (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one (1) common share at an exercise price of $0.20 for a period of 12 months from the closing of the Offering (the "Closing"). The Company will have the right to accelerate the expiry date of the Warrants if, at any time, the closing price of the common shares of the Company on the TSX Venture Exchange is at least $0.30 for twenty (20) consecutive days, and the 20th trading day is at least four (4) months from the Closing. In the event of acceleration, the expiry date will be accelerated to a date that is thirty (30) days after the Company issues a news release announcing that it has elected to exercise this acceleration right. The Common Shares and Warrants will be subject to a resale restriction for a period of four months plus one day from Closing. |
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| Source:http://www.marketwired.com/mw/release.do?id=2205194&sourceType=3 |
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