Brigadier Gold Closes Private Placement
20 Avril 2018 - 2:11AM
Brigadier Gold Limited ("Brigadier" or the "Company") (NEX:BRG.H)
is pleased to announce the closing of a private placement offering
(the “Offering”) of $470,000 of gross proceeds based on the
issuance of 4,700,000 units (the “Units”) at a price of $0.10 per
Unit. Each Unit consists of one common share (a “Common
Share”) and one common share purchase warrant (a “Warrant”).
Each Warrant entitles the holder to acquire one (1) common share at
an exercise price of $0.15 until April 19, 2019. The Company
paid arms length finder’s fees of $18,800 and issued finders a
total of 188,000 Warrants. The Common Shares and Warrants are
subject to a resale restriction until August 20, 2018.
Closing of the Offering remains subject to receipt of all necessary
regulatory approvals, including final approval of the TSX Venture
Exchange.
Certain directors of the Company acquired a
portion of the Offering, and their participation (the "Insider
Participation") is considered to be a "related party transaction"
as defined under Multilateral Instrument 61-101 ("MI 61-101"). The
Insider Participation is exempt from the formal valuation and
minority shareholder approval requirements of MI 61-101.
The net proceeds of the private placement will
be used for general corporate purposes while the Company continues
to evaluate various corporate strategies and opportunities.
For further information, please contact Grant
Hall, President and CEO at (520) 668-4101.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
CONTACT INFORMATION
Brigadier Gold LimitedGrant Hall, President & CEO (520)
668-4101info@brigadiergold.com
Brigadier Gold (TSXV:BRG.H)
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