Brigadier Gold Limited (TSXV:BRG) acquired 3,954 hectare Picachos Gold-Silver Property from Minera Camargo S.A de C.V. for $4.9 million on August 4, 2020. As per the terms of the option to acquire a 100% interest in 4 contiguous mineral claims comprising the Picachos Property, Brigadier will provide staged consideration to Minera Camargo over a 5-year period consisting of cash payments totalling $275,000; share issuances totaling 4 million common shares of Brigadier; and cumulative exploration expenditures of $3.9 million. Brigadier will also make payments to Minera Camargo for Picachos development milestones as to: i) 1 million common shares of Brigadier upon delineating a mineral resource estimate containing a minimum of 350,000 ounces of gold in the inferred category (based on the then current CIM definitions); ii) $725,000 and 1 million common shares of Brigadier upon completion of a feasibility study recommending the construction of a mine on the Property; and iii) $2 million upon commencement of commercial production. Brigadier may, at its option, issue common shares in lieu of one half of the cash payments to be made pursuant to each of ii) and iii). A 2% NSR will be retained by Minera Camargo. Subject to approval of the Exchange, a finder’s fee will be paid in connection with the transaction. The acquisition is subject to a number of conditions precedent, including: completion of confirmatory due diligence by Brigadier, receipt of all applicable regulatory, shareholder and third-party approvals, including approval of the TSX Venture Exchange.