Brigadier Gold Limited (TSXV:BRG) signed a binding agreement to acquire 80% stake in Exploration Licence 4365C for CAD 0.67 million in cash and stock on January 11, 2013. As a part of the consideration, Brigadier will issue 3 million common shares and pay an initial CAD 0.03 million upon exchange approval of the transaction. In addition, Brigadier will pay a further CAD 0.48 million over the next 48 months and expend CAD 2 million on the properties over that period as well.

Brigadier is also announcing a private placement to finance the transaction and add to working capital. Placement will be up to CAD 0.6 million by issuing units at CAD 0.05 per unit.