Brigadier Gold Announces Closing of $2.0 Million Private Placement and Argentina Property Transaction

Brigadier Gold Limited (TSXV:BRG) announced that it has closed a $2.0 million private placement financing, the proceeds of which will be used to fund the first part of the exploration program for the Option and for general corporate purposes.

The press release is quoted as saying:

The private placement consisted of the issuance of units (each, a “Unit” and collectively, the “Units”) at a price of $0.15 per Unit, with each Unit consisting of one common share, and one-half of a common share purchase warrant, each whole warrant entitling the holder to purchase one common share over a one-year period at a price of $0.25 per common share. In the event that the common shares close at a price in excess of $0.70 for 20 consecutive trading days, Brigadier may reduce the exercise period to 30 days after giving notice of same.

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