- 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.