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Brigade Announces Amended Unit Private Placement
December 10, 2015 1:08 PM EST | Source: Brigade Resource Corp.
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2015) - Brigade Resource Corp. ("Brigade") is pleased to announce that the private placement of up to 2,500,000 units at a price of $0.20 per unit for aggregate gross proceeds of up to $500,000, announced on October 26, 2015, has been amended. Pursuant to the amended terms, the unit price of the private placement is revised to $0.15 per unit to raise gross proceeds of up to $500,000.
Each unit will consist of one common share and one common share purchase warrant exercisable to purchase one common share at a price of $0.40 per share for the first 12 months from the date of issue, followed by $0.50 per share for the subsequent 12 months, with an expiry date of 24 months from the date of issue date.
For more information, please contact:
Glenn Little, CEO
Brigade Resource Corp.
(604) 559.3390
glenn@brandenburgfincorp.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, relating to the private placement including its terms and conditions. The forward-looking information is based on certain key expectations and assumptions made by the management of Brigade Resource Corp. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.