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Brigadier Gold Ltd. Announces Private Placement Financing12.12.2018 | 22:05 Uhr | GlobeNewswire
TORONTO, Dec. 12, 2018 - Brigadier Gold Limited ("Brigadier" or the "Corporation") (BRG.H) is pleased to announce that it plans to complete a non-brokered private placement offering (the “Offering”) of up to $500,000 in gross proceeds based on the issuance of up to 10,000,000 units (“Units”) at a price of $0.05 per Unit. Each Unit will comprise of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one common share at an exercise price of $0.10 for a period of 12 months from the closing of the Offering (the “Closing”). The Shares and Warrants will be subject to a resale restriction for a period of four months plus one day from Closing. The net proceeds of the private placement will be used for the repayment of outstanding debt as well as general corporate purposes while the Company continues to evaluate various corporate strategies and opportunities.
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