Brigadier Announces Completion of Nemaska2 Lithium Property Acquisition

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[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 14, 2023 / Brigadier Gold Limited (the \"Company\", or \"Brigadier\") (TSXV:BRG | FSE:B7LM | USA:BGADF) is pleased to announce today's closing of its previously announced acquisition of 1000196193 Ontario Ltd. (the \"Vendor\"), a privately held corporation (the \"Acquisition\") holding the right to acquire a 100% interest in the Nemaska2 lithium property. About the Nemaska2 Lithium Property The 3,040-hectare Nemaska2 Property is located adjacent to Li-Ft Power Lithium Project, Critical Elements Lithium and West of Nemaska Lithium (Whabouchi Project), located in northern Québec, approximately 160 km east of James Bay, near the community of Nemaska. Québec is a highly attractive investment destination for lithium production due to its supportive resource development sector, access to skilled labour and its proximity to the emerging European and North American electric vehicle markets. Canada also has free trade agreements with the United States and the European Union. The Nemaska2 Property hosts at least 20 white pegmatite outcrops, most over 900-1000 meters squared and consistent with that of the Nemaska, Li-FT Power and Critical Elements Lithium Projects. The Quebec government carried out a large sampling program over the Nemaska2 Property and the geological report points to these white pegmatites containing spodumene. Further exploration of the property is recommended to identify additional pegmatite outcrops and spodumene occurrences. Acquisition Terms The Acquisition was completed pursuant to the terms of a share purchase agreement (the \"Definitive Agreement\") dated December 16, 2022 with all the shareholders of the Vendor, whereby the Company acquired all of the issued and outstanding Common shares of Vendor from its shareholders in exchange for 35,000,000 common shares of the Company (the \"Consideration Shares\") and a cash payment totalling $20,000. The Company will also pay to the option or $20,000 on behalf of the Vendor within seven days of closing of the Acquisition. The Acquisition is an arm's length transaction for purposes of the policies of the TSX Venture Exchange (\"TSXV\") and was completed as a \"Fundamental Acquisition\" pursuant to Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets of the TSXV's Corporate Finance Manual. In connection with the transaction and ...

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