Brigadier Gold Limited: Warrant Term Extension
March 22 2013 - 3:01PM
Marketwired Canada
Brigadier Gold Limited (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 originally and extended to April 7, 2013. The new expiry
date of these warrants that has been requested extends until October 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 originally and extended to May 12, 2013. The new expiry
date of these warrants that has been requested extends until November 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brigadier Gold Limited
Mr. Denis Hayes
President & CEO
+1 (416) 410-7956
info@brigadiergold.com
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