Business
Brixton Metals Announces Brokered Private Placement
Mar. 3, 2011 (Canada NewsWire Group) -- / NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR ...
About this update from Brixton Metals Corporation
[{"type":"text","content":"\n\n\n Mar. 3, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S.\n NEWSWIRE SERVICES/\n\n\nVANCOUVER, March 3 /CNW/ - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce that it has engaged Casimir Capital Ltd. and\n IBK Capital Corp. (the "Agents") to undertake, on a best efforts agency basis, a private placement\n (the "Private Placement") of units of the Company (the "Units").  The Units will consist of one common share of the Company and\n one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one common share of the Company\n for a period of 24 months from the closing date at an exercise price\n equal to the issue price of the common shares under the Private\n Placement. A portion of the placement shall include BC super flow\n through shares. The size and pricing of the Private Placement will be determined in the context of the\n market.\n\n\nClosing of the Private Placement will be subject to the satisfaction of\n customary closing conditions, including the receipt of necessary\n regulatory approvals. In connection with the Private Placement, the\n Company has agreed to pay to the Agents a cash fee equal to 8% of the\n gross proceeds received and issue to the Agents non-transferable\n warrants equal to 8% of the securities sold pursuant to the ...