Pursuant to the second closing of the Private Placement, the Company issued 1,550,000 units ('Units') for a price of
Each Unit issued in the Private Placement is comprised of one Common Share and one Common Share purchase warrant (each, a 'Warrant'). Each Warrant will entitle the holder to purchase one additional Common Share of Brigadier at an exercise price of
In connection with the second closing of the Private Placement, the Company paid a cash commission to a qualified non-related party in the amount of
The proceeds from the Private Placement will be used to fund exploration at the
About
The Nemaska2Project consists of 162 map-designated mining titles (Nemaska2 and Nemaska2 Extension) covering a total area of 8,300 hectares and is located in northern
Contact:
Tel: (604) 424-8131
Forward-Looking Information Cautionary Statement
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events, including, without limitation, statements relating to the intended use of proceeds from the Private Placement. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors,many of which are beyond the Company's control.Such factors include, among other things:risks and uncertainties relating to the actual results of current exploration activities; the possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); environmental and regulatory requirements; availability of permits, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes,timeliness of government or regulatory approvals and other risks involved in the mineral exploration industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
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