Mr. Gary Thompson reports
BRIXTON METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $6 MILLION
Brixton Metals Corp. has arranged a non-brokered private placement offering of any combination of national flow-through (FT) common shares in the capital of Brixton at a price of 68 cents per FT share and critical mineral flow-through (CMFT) shares in the capital of Brixton at a price of 71 cents per CMFT share for aggregate gross proceeds of up to $6-million.
The FT shares and CMFT shares will be subject to a hold period of four months and one day pursuant to applicable Canadian securities laws.
The gross proceeds from the sale of FT shares will be used to incur Canadian exploration expenses and flow-through mining expenditures as defined in the Income Tax Act (Canada). The gross proceeds from the CMFT shares will be used to incur flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the act. Exploration expenditures are mainly for exploration and drilling at the company's Thorn copper-gold project in British Columbia and the Langis silver-cobalt project in Ontario.
Finders' fees in amounts to be determined may be payable to persons who introduce the company to subscribers to the offering. Insiders of the company may participate in the offering. The offering is subject to acceptance by the TSX Venture Exchange.
About Brixton Metals Corp.
Brixton Metals is a Canadian exploration company focused on advancing its mining projects. Brixton wholly owns five exploration projects: the Langis and Hudson Bay silver projects in Ontario; the Thorn copper-gold-silver-molybdenum project in northwestern British Columbia; the Hog Heaven copper-silver-gold project in northwestern Montana, United States, which is optioned to Ivanhoe Electric Inc.; and the Atlin goldfields project in northwestern British Columbia. Brixton holds an option to acquire a 100-per-cent interest in the silver-focused Silvergruvan project in Sweden. Brixton Metals shares trade on the TSX-V under the ticker symbol BBB and on the OTCQX under the ticker symbol BBBXF.
We seek Safe Harbor.
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