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News Releases

Brixton Metals Closes $1.8M First Tranche of Private Placement and Provides Corporate Updates

April 4, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has closed its previously announced private placement of units and flow-through common shares for aggregate gross proceeds of approximately $1.8 million (the “Private Placement”). The Private Placement was brokered by Gravitas Securities Inc. (“Gravitas”) and Red Cloud Klondike Strike Inc. (together, the “Agents”) and the Private Placement included a non-brokered component that completed concurrently. The Company intends to use the net proceeds to advance its Thorn project and its Langis project, and for general working capital. The Private Placement consisted of the issuance of 2,776,800 units (“Units”) at a price of $0.50 per Unit for proceeds of $1,388,400 and the issuance of 711,200 flow through common…

Brixton Metals Announces Brokered Financing of $4 Million led by Gravitas Securities Inc.

February 24, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has entered into a letter agreement with Gravitas Securities Inc. (the “Agent”), with a syndicate of agents, in connection with a best efforts private placement offering of up to $4.0 million (the “Private Placement”). The Private Placement will consist of any combination of units (“Units”) to be issued at a price of $0.50 per Unit and common shares issued on a ‘flow through’ basis under the Income Tax Act (Canada) (the “FT Shares”) at a price of $0.55 per FT Share. Each Unit will consist of one common share and one common share purchase warrant (“Warrant”) with each Warrant exercisable by the holder into one common…

Brixton Metals Provides Project Updates

February 22nd, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce project updates for its gold-silver properties located in both Ontario and British Columbia, Canada. The Company has filed with the Mineral Title Division of the Ministry of Energy, Mines and Petroleum Resource the 2016 Assessment report on the Thorn project located in Northwest British Columbia. The report can be found at the following link: http://brixtonmetals.com/wp/wp-content/uploads/2017/02/Thorn-2016-Assessment-Report-FINAL.pdf The 2016 exploration expenditures at the Thorn project totalled $1,668,622. The Company is planning to drill test the newly defined large scale Chivas gold target at the Thorn Project. The Chivas target was established during the 2016 exploration program by soil geochemistry and IP geophysics and has never been drilled. The Company is planning…

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