Home / 2013 / Brixton Metals Provides Corporate Update

Brixton Metals Provides Corporate Update

May 3, 2013 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce the results of its annual general and special meeting (“Annual Meeting”) held on May 2, 2013 in Vancouver, British Columbia. Gary Thompson, Cale Moodie, George Salamis, Jim Defer and Don Poirier were elected to the Company’s Board of Directors. The Company’s shareholders also re-appointed KPMG, Chartered Accountants as auditors for the coming year and re-approved the Company’s Stock Option Plan.

The Company’s shareholders also approved certain amendments by way of special resolution to the constating documents of the Company providing for electronic delivery of meeting materials and advance notice of shareholder nominees for election of directors (the “Advance Notice Provision”). The Advance Notice Provision fixes a deadline by which holders of record of common shares of the Company must submit their nominees for election as directors to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company. A full description of the Advance Notice Provision is set out in the company’s management information circular which has been filed on SEDAR in connection with the Annual Meeting.

The Advance Notice Provision will ensure, among other things that all shareholders of the Company are provided with sufficient notice of proposed alternative nominees well in advance of an annual meeting and any other annual or special meeting and that all of the shareholders are given ample opportunity to vote on a fully informed basis.

Brixton plans to resume exploration activity at the 100% owned Thorn project sometime in June.

About Brixton Metals Corporation

Brixton Metals is an exploration company focused on the advancement of precious metal assets to feasibility. Brixton’s Thorn Project is located in northwestern British Columbia, Canada, about 40km from Chieftain’s Tulsequah Chief Mine development. Targets at Thorn include high grade silver-gold-lead-zinc-bearing diatreme-breccia zones, high-grade gold-silver veins and porphyry targets.  Assay results from Hole 60 in the Oban Zone returned 95m of 628 g/t Ag and 1.7 g/t Au, 3.3% Pb and 2.4% Zn from surface.

Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors
Mr.GaryR.Thompson, Chairman and CEO,
Tel: 604-630-9707

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, and ‘intend’, statements that an action or event ‘may’, ‘might’, ‘could’, ‘should’, or ‘will’ be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, the anticipated issuance of the Property Shares or the Settlement Shares, TSXV final approval for the Private Placement and approval for the issuance of the Property Shares or the Settlement Shares, use of proceeds and the exploration potential of the Langis property based on historical information, resources estimates on the Thorn Project are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.