June 7, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has entered into an asset purchase and sale agreement with First Cobalt Corp. (TSXV: FCC) (“First Cobalt”), to sell 100 percent interest in Brixton’s non-core mineral claims located in the Cobalt Camp, Ontario, Canada. The 22 claims cover approximately 848 hectares. The agreement provides that First Cobalt will pay Brixton $325,000 cash.
Chairman and CEO of Brixton, Gary R. Thompson stated, “These non-core claims were not contiguous to Brixton’s Langis or Hudson Bay properties. The divesture of these claims allows Brixton to focus on our wholly owned Langis and Hudson Bay past producing, high-grade silver-cobalt mines within the Cobalt Camp.”
A Finder’s Fee of $16,500 is payable to Red Cloud Klondike Strike Inc., in connection with this transaction.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility.
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. Gary R. Thompson, Chairman and CEO
Tel: 604-630-9707 or email: firstname.lastname@example.org
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