Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Brigadier Gold Limited (BRG) signed a share exchange agreement to acquire 1000196193 Ontario Ltd.
  • Brigadier will issue 35 million of its common shares for $0.025 per share, pay $20,000 to 1000196193 Ontario, and pay $30,000 to a related third party
  • As a part of this agreement, 1000196193 Ontario signed an option agreement with 1Life Holdings Ltd. to acquire the Nemaska Property
  • The property is said to host at least 20 white pegmatite outcrops over a large area
  • Brigadier Gold Limited (BRG) is up 20.00 per cent, trading at $0.03 per share as of 11:20 a.m. EST

Brigadier Gold Limited (BRG) has signed a share exchange agreement to acquire 1000196193 Ontario Ltd.

As a part of the agreement, Brigadier will issue 35 million of its common shares for $0.025 per share, pay $20,000 to 1000196193 Ontario, and pay $30,000 to a related third party. The company also agreed to pay a finder’s fee, which included issuing 2.45 million of its common shares.

In connection with the share agreement, 1000196193 Ontario signed an option agreement with 1Life Holdings Ltd. to acquire a 100 per cent interest in 57 mining claims, known as the Nemaska Property, which covers approximately 3,040 hectares in Quebec.

The property is subject to a 2.00 per cent net smelter royalty in favour of the optionor and can be acquired by paying $1.42 million for various expenses.

The Nemaska Property is said to host at least 20 white pegmatite outcrops, are over 900-1000 metres squared, and show consistent similarities to nearby lithium projects. The Quebec government carried out a large sampling program over the Nemaska Property, and further exploration has been recommended to identify additional targets.

Brigadier Gold Limited (BRG) is up 20.00 per cent and is trading at $0.03 per share as of 11:20 a.m. EST.


More From The Market Herald

" Osisko Mining (TSX:OSK) announces $75 million private placement

Osisko Mining (OSK) will undertake a C$75 million bought-deal private placement.

" @ the Bell: Markets tumble amid rate worries

Canada’s main stock index was weighed down on Monday by commodity-linked and financial stocks. The telecom and utilities sectors posted some gains.
Dolly Varden Silver Corporation - President & CEO, Shawn Khunkhun.

" Dolly Varden Silver (TSXV:DV) reports highest-grade silver assay found so far on the Kitsault Valley Property

Dolly Varden Silver Corporation (DV) discovered the highest-grade silver assay found so far on the Kitsault Valley Property.

" Millennial Potash (TSXV:MLP) announces $2M private placement of units

Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million.