Brixton Metals Files Amended and Restated Preliminary Short Form Prospectus
VANCOUVER, BC, June 29th, 2011 – Brixton Metals Corporation (TSX-V: BBB) (the “Company” or “Brixton”) announces that the Company has filed an amended and restated preliminary short form prospectus (the “Amended Prospectus”) with the securities regulatory authorities in British Columbia, Alberta and Ontario and a preliminary short form prospectus with the securities regulatory authorities of the other provinces of Canada (other than Québec) (“Preliminary Prospectus” and together with the “Amended Prospectus”), relating to the Company’s offering (the “Offering”) of units (“Units”) and flow-through units (“Flow-Through Units”) and amending and restating the preliminary prospectus filed on June 27, 2011.The prospectus filed on June 27, 2011 was amended to qualify the Units and Flow-Through Units for distribution in each of the provinces of Canada (other than Québec) and to include reference to the number of Units and Flow-Through Units being offered and the Offering amount.
Each Unit will be comprised of one common share of the Company and one common share purchase warrant (a “Warrant”) and each Flow-Through Unit will be comprised of one common share to be issued on a “flow-through” basis and one-half of one Warrant also to be issued on a “flow-through” basis. Each whole Warrant will be exercisable to acquire one common share of the Company for a period of 24 months from the closing date of the Offering at an exercise price of $0.25.
The Prospectus has been filed with and receipted by the regulatory authorities in each of the provinces of Canada, other than Québec.
The Prospectus has been filed with securities commissions or similar authorities in each of the provinces of Canada other than Québec. The Prospectus is still subject to completion or amendment. Copies of the Prospectus may be obtained from Global Maxfin Capital Inc. c/o Carlos Vargas, Syndication, Global Maxfin Capital Inc., 181 University Ave., Suite 401, Toronto, ON, M5H 3M7, firstname.lastname@example.org, telephone (647) 776-7235 or fax (416) 640-2993. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.