Brigadier Gold Limited Announces Application to Extend Expiry Dates of Warrants
September 23 2011 - 4:30PM
Marketwired Canada
Brigadier Gold Limited (TSX VENTURE:BRG) (FRANKFURT:B7LN) (the "Company")
announced today that it has made an application to extend the expiry date of
warrants issued on October 7, 2010, pursuant to a private placement announced on
August 24, 2010, from October 7, 2011 to April 7, 2012. Extension of the
warrants is subject to TSX Venture Exchange approval.
The private placement consisted of the issuance of 13,333,333 units at a price
of 15 cents per unit, where each unit consisted 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 25 cents per
common share. In the event that the common shares close at a price in excess of
70 cents for 20 consecutive trading days, the Company may reduce the exercise
period to 30 days after giving notice of same.
The Company further announced today that it has made an application to extend
the expiry date of warrants issued on November 12, 2010, pursuant to a private
placement announced on October 13, 2010, from November 12, 2011 to May 12, 2012.
Extension of the warrants is subject to TSX Venture Exchange approval.
The private placement consisted of the issuance of 8,321,828 units at a price of
18 cents 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, the Company may reduce the exercise period to
30 days after giving notice of same.
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