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 October 31, 2013
Brandenburg Closes First Tranche of Placement

 October 31, 2013, Vancouver, BC: Brandenburg Energy Corp. (TSXV:BBM) ("Brandenburg" or the "Company") is pleased to announce that it has closed the first tranche of its private placement in the amount of 4,750,000 units at $0.05 per unit for total gross proceeds of $237,500. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until October 30, 2016, with one-half of the warrants exercisable at a price of $0.05 per share and one-half of the warrants exercisable at a price of $0.10 per share.

For its efforts in introducing certain placees to the Company, the Company paid and issued to finders the following:
  • $15,750 in cash; and
  • 315,000 non-transferable share purchase warrants, each warrant exercisable into one common share of the Company at a price of $0.05 per share until October 30, 2016.
All securities issued under the placement are subject to hold periods expiring on March 3, 2014.

Proceeds of the placement will be used to pay certain existing debt and for general working capital.


On behalf of the Board of Directors
BRANDENBURG ENERGY CORP.
Robert Findlay
President and CEO

For further information, please contact:
Robert Findlay at 604.669.9330

We seek Safe Harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
 

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