VANCOUVER, BC, June 28, 2011 – Brixton Metals Corporation (TSX-V: BBB) (the “Company” or “Brixton”) is pleased to announce that a preliminary short form prospectus has been filed with and receipted by the regulatory authorities in the Provinces of British Columbia, Alberta and Ontario in connection with a commercially reasonable efforts offering of units (“Units”) and flow-through units (“Flow-Through Units”) of the Company (the “Offering”).The Offering will be led by Global Maxfin Capital Inc.
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 Unit will be offered at ? price of $0.15 and each Flow-Through Unit will be offered at a price of $0.19.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 Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
A preliminary short form prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary short form prospectus is still subject to completion or amendment. Copies of the preliminary short form 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, email@example.com, 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.