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Brigus Gold Reports Q3 Production And Goldstream Repurchase

Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

Brigus Gold Reports Q3 Production and Goldstream Repurchase

(NYSE MKT: BRD; TSX: BRD) – Brigus Gold Corp. (“Brigus” or the “Company”) produced 19,526 gold ounces in the third quarter of 2012 – an increase of 7 percent over second quarter production of 18,254 ounces.

The Company is also pleased to announce that it has secured $30 million in debt financing. $26.4 million of the debt proceeds will be used to repurchase 4 percent of the existing 12 percent goldstream with Sandstorm Gold Ltd. (“Sandstorm”). The debt financing was arranged by Casimir Capital and a finance structure fee of 2.77 percent is payable in exchange for Casimir’s services. The Company will issue $30 million in senior secured debt, with a three year term. Principle payments of $2 million will be paid quarterly, commencing on June 30, 2013. The Notes will bear interest at an annual rate as calculated below, which shall be paid monthly based on the closing Bloomberg Composite New York Gold Price from the prior month.

    Bloomberg Composite New York Gold Price (US$/oz)   Annual Interest Rate
From $0 to $1,799.99 9%
From $1,800 to $1,999.99 10%
From $2,000 to $2,499.99 12%
From $2,500 and above 14%

The transaction is expected to close before the end of October.

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