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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…

Brixton Metals Delineates A New Large IP and Gold-in-Soil Anomaly

November 9, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce the results from the 2016 soil and rock geochemistry and IP ground geophysics programs at its 100 percent owned Thorn project. The Company collected a total of 2,337 soil samples and 247 rock samples throughout the property and completed 15.5 kilometres of ground IP geophysics at the Chivas Zone. The latest soil and rock assays represent results from a two-phase 2016 geochemical survey focused on delineating the Chivas Zone as well as expanding other geochemical anomalies on the Thorn property. Results have delineated a substantial 7 square-kilometer gold-in-soil anomaly at the Chivas Zone with a predominant northwest trend. The strike length of the anomaly is 3.5 kilometres long…

Brixton Metals Drills 1,084 g/t Ag over 2 metres at its Langis Project

October 18, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce the completion of its drilling program and provide complete assay results from the drill holes at its wholly owned Langis silver project located in Ontario, Canada. Brixton has drilled 15 holes for a total of 3,170 metres designed to confirm historic drill results and test new targets at the past producing site. Brixton also completed 720 kilometres of a combined airborne (Quadra-Mag) high resolution magnetics and (VLF-EM) very low-frequency electromagnetic survey. The work was conducted over the Langis, Hudson Bay and Cobalt lands held by Brixton. The ultra-wide horizontal and vertical gradient allow mapping of subtle changes in rock properties in an attempt to map mineralized veins and…

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