Brigadier Announces Issuance of Equity Incentive Awards
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2020) - Brigadier Gold Limited (TSXV: BRG) (FSE: B7LM) (the "Company" or "Brigadier") has approved the grant of incentive stock options (each, an "Option") to acquire up to 4,400,000 common shares in the capital of the Company (each a "Common Share"), to certain directors, officers and consultants of the Company ("Key Personnel"). Each of the Options is exercisable at a price of $0.35 per Common Share. The Options vest six months from the date of grant and expire on September 18, 2022. The Options are subject to TSX Venture Exchange (the "Exchange") approval.
The Company also announces that it has granted 1,335,601 restricted share units ("RSUs") to Key Personnel. The RSUs vest one year from the date of grant and expire on September 18, 2023. Vested RSUs may be redeemed, in whole or in part, at any time prior to expiry for Common Shares, the cash equivalent, or any combination thereof, at the discretion of the Board of Directors of the Company. The RSUs are subject to approval by the Exchange and approval of the RSU plan by Brigadier's shareholders at the Company's annual general and special meeting to be held on October 26, 2020.
About Brigadier Gold Limited
Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Our mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.
Led by a management team with decades of experience in mineral exploration and capital markets development, we are focused on advanced exploration opportunities in politically stable jurisdictions.
For further information, please contact:
Leah Hodges, Corporate Secretary
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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