Brigadier Completes Debt Settlement

Rhea-AI Summary

Brigadier Gold Limited (OTC PINK: BGADF) has obtained TSX Venture Exchange approval for a debt settlement reported on January 27, 2021. This settlement will retire $100,000 of debt through the issuance of 454,545 common shares at $0.22 each. The transaction will not create a new insider or control person. Shares issued will be under a four-month resale restriction expiring on June 12, 2021. Brigadier aims to capitalize on opportunities in the natural resource sector, focusing on advanced exploration in stable jurisdictions.

Positive

• Debt settlement of $100,000 reduces overall liabilities.
• Retirement of debt enhances financial stability.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 11, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier")(TSXV:BRG)(FSE:B7LM)(OTC PINK:BGADF) (the "Corporation") announces that it has received approval from the TSX Venture Exchange to complete the debt settlement previously announced on January 27, 2021 with one arm's length creditor (the "Debt Settlement"). The Debt Settlement resulted in an aggregate of $100,000.00 of indebtedness being retired in consideration for the issuance of 454,545 common shares at a price of $0.22 per share. The Debt Settlement did not result in the creation of a new insider or control person. The common shares issued under the Debt Settlement are subject to a four-month resale restriction expiring June 12, 2021.

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:

Brigadier Gold Limited
www.brigadiergold.ca
Ranjeet Sundher, Chief Executive Officer
corporate@brigadiergold.ca

Leah Hodges, Corporate Secretary
(604) 377-0403

Reader Advisory

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Brigadier Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/629433/Brigadier-Completes-Debt-Settlement

FAQ

What was the debt settlement amount for Brigadier Gold Limited?

Brigadier Gold Limited completed a debt settlement amounting to $100,000.

How many shares were issued in the debt settlement for BGADF?

Brigadier Gold Limited issued 454,545 common shares at a price of $0.22 each.

What is the resale restriction period for the new shares issued by Brigadier Gold?

The shares issued are subject to a four-month resale restriction expiring on June 12, 2021.

Did the debt settlement create any new insiders for Brigadier Gold Limited?

No, the debt settlement did not result in the creation of a new insider or control person.