Brigadier Gold Limited: Warrant Term Extension
20.09.2012 | Marketwire
TORONTO, ONTARIO -- (Marketwire - Sept. 20, 2012) - Brigadier Gold Ltd. (TSX VENTURE:BRG) (FRANKFURT:B7LN) has applied to 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 Oct. 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 on or before Oct. 7, 2011. The new expiry date of these warrants that has been requested extends until April. 7, 2013. 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 these 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 on or before Nov. 12, 2011. The new expiry date of these warrants that has been requested extends until May 12, 2013. 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 these warrants to 30 days after giving notice of same.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact
Brigadier Gold Ltd.
Mr. Denis Hayes, President & CEO
+1 (250) 317-1110
info@brigadiergold.com