Dec 24 2012
Brixton Metals Corporation (the “Company” or “Brixton”) announces that it has closed its previously announced non-brokered private placement financing (the “Private Placement”). Pursuant to the Private Placement, the Company issued 6,609,500 flow-through shares of Brixton (the “FT Shares”) at a price of $0.20 per FT Share for aggregate gross proceeds of approximately $1,321,900.
The gross proceeds from the Private Placement will be used to fund exploration activities for 2013 at the Company’s Thorn property.
All FT Shares issued pursuant to this Private Placement will be subject to a four month and one day hold period. On closing, the Company paid finders’ fees of $91,882.
About Brixton Metals Corporation
Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. The Thorn Project is Brixton’s flagship property and is centered on silver-gold-lead-zinc-bearing breccia zones, high-grade veins and porphyry targets. The Thorn property is located in northwestern British Columbia, Canada, about 50 km from the past producing Golden Bear Mine and 130 km southwest from the village of Atlin, BC. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO,
Tel: 604-630-9707
Source: http://www.brixtonmetals.com