PRESS
RELEASE - May 14, 2010
Brigadier Gold (TSX-V: BRG) Announces Consolidation
Toronto, May 14, 2010 – Brigadier Gold Limited announced today that it was implementing the decision approved by the shareholders at its May 28th, 2009 meeting to consolidate the outstanding common shares on the basis of one new common share for each 10 common shares outstanding. Immediately prior to the consolidation there were 41,295,268 common shares outstanding, and after the consolidation there will be 4,129,527 common shares outstanding. The purpose of the consolidation is to allow for more favourable pricing of the Company's securities to facilitate financing of the Company's operations by way of equity offerings of securities priced in accordance with the requirements of the TSX Venture Exchange.
The share consolidation has been approved by the TSX Venture Exchange. The name of the Corporation will not change.
Brigadier also announced that Mr. Wolfson and Mr. Ginsberg have stepped down as directors, and Mr. Pervin has assumed the role of Treasurer and Chief Financial Officer of the Corporation.
The Corporation also announced that it is not proceeding to complete the transaction for Little Stull Lake with Puma Exploration as previously announced (See Press Release dated November 6, 2009), and continues to seek out other exploration properties of merit.
Brigadier Gold Limited is an exploration company listed on the TSX Venture exchange under the symbol BRG.
For further information, please visit our website at www.brigadiergold.com or contact:
Herb Kokotow, President & CEO: (Tel): (416) 410-7956, (Fax): (905) 707-1520
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