Brigadier Gold Limited (TSX VENTURE:BRG) today announced an increase to the
private placement it announced on October 13th in which it proposed to raise up
to $1-million by way of a private placement to further finance the first portion
of the exploration program for the option on the Incamaya property and general
corporate purposes. This amount has been increased to a maximum of $1.5 million.
The private placement will consist of the issuance of units at a price of $0.18
unit, where each unit consists of one common share, and one-half of a common
share purchase warrant, with 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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