June 14, 2013 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) announces a non-brokered private placement financing (the “Private Placement”). The Private Placement provides for the issuance of 1,780,000 flow-through shares of Brixton (the “FT Shares”) at a price of $0.16 per FT Share for aggregate gross proceeds of approximately $284,800.
All securities issued pursuant to this Private Placement will be subject to a four month and one day hold period.
The closing date for the Private Placement will occur on June 17, 2013, or such later date as may be required. The proceeds from the Private Placement will be used to fund exploration activities for 2013 at the Company’s Thorn property. On closing, the Company will pay finders’ fees of $23,891.
About Brixton and its Thorn Project
Brixton Metals is an exploration company focused on the advancement of high-grade precious metal assets to feasibility. The primary focus at the Thorn project is high-grade silver-gold-lead-zinc-bearing diatreme-breccia zones and high-grade gold-silver-copper veins. Secondary targets include porphyry, skarn, replacement, and bulk tonnage gold targets. The Thorn project covers a Cretaceous volcanic-porphyry complex that shares many similarities with other high sulphidation deposits around the world such as Lepanto-FSE in the Philippines, Penasquito in Mexico and El Indio in Chile. The 27,000-hectare Thorn Project is located in the Sutlahine River area of Northwestern British Columbia, Canada, approximately 40km from Chieftain’s Tulsequah Chief mine development.
Mr. Sorin Posescu, P.Geo., VP Geology, is a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.
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,
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