Brigadier Gold Limited - Warrant Term Extension
27.03.2012 | Marketwire
TORONTO, March 26, 2012 - Brigadier Gold Limited (TSX VENTURE: BRG) (FRANKFURT: B7LN)(the "Company") has received approval from the TSX Venture Exchange for the extension of the expiry dates of certain warrants previously issued by the Company.The Company previously completed a private placement on October 7, 2010, of 13,333,333 units at a price of 15 cents per unit, where each unit comprised one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of 25 cents per common share on or before October 7, 2011. The expiry date of the October warrants has now been further extended until October 7, 2012. In the event that the common shares of the Company close at a price in excess of 70 cents for 20 consecutive trading days, the Company may reduce the exercise period of the October warrants to 30 days after giving notice of same.
The Company also completed a private placement on Nov. 12, 2010, of 8,321,828 units at a price of 18 cents per unit, with each unit comprising one common share, and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of 25 cents per common share on or before November 12, 2011. The expiry date of the November warrants has now been further extended until November 12, 2012. In the event that the common shares of the Company close at a price in excess of 70 cents for 20 consecutive trading days, the Company may reduce the exercise period of the November warrants to 30 days after giving notice of same.
Contact Information
Brigadier Gold Limited
Grant Hall, President & CEO
(416) 410-7956
(905) 707-1520 (FAX)
info@brigadiergold.com
www.brigadiergold.com