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Jul 29, 2011
Brigadier Gold Limited Announces Final Closing of Private Placement
Brigadier Gold Ltd. has completed the second and final closing of its previously announced non-brokered private placement of units. The company issued 700,000 units at a price of 15 cents a unit for gross proceeds of $105,000 in this second closing. Each unit issued pursuant to the offering comprises one common share in the share capital of the company and one-half of one common share purchase warrant. Each whole warrant issued pursuant to this second tranche of the offering entitles the holder to acquire one common share at a price of 25 cents until July 29, 2012.

The total gross amount of $455,040 was received by the company from the sale of a total of 3,033,600 units pursuant to the offering.

All securities issued at this second closing of the offering are subject to a four-month hold period, which expires on Nov. 30, 2011, in accordance with applicable Canadian securities laws.

Proceeds from the offering will be used, in part, for additional project evaluation at Incamayo and for general working capital purposes.
Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including TSX Venture Exchange acceptance.

All securities issued in connection with the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The offering is subject to the approval of the TSX Venture Exchange and required regulatory approvals.

We seek Safe Harbor.