Toronto (pcJ News Briefs) – Brigadier Gold Limited (TSX-V: BRG.H) is seeking approval from the TSX Venture Exchange to complete a non-brokered private placement offering of up to 10,000,000 units at $0.10 per unit for gross proceeds of up to $1,000,000.
Each unit will consist of one common share and one common share purchase warrant exercisable for one additional common share at $0.20 for a period of 12 months from the closing of the offering, subject to accelerated expiry.
Net proceeds will be used for the repayment of debt as well as for general corporate purposes while the company continues to evaluate various corporate strategies and opportunities.