Business
Brixton Metals Announces Private Placement
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES/ ...
About this update from Brixton Metals Corporation
[{"type":"text","content":"\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S.\n NEWSWIRE SERVICES/\n\n\nVANCOUVER, Dec. 20, 2013 /CNW/ - Brixton Metals Corporation (TSXV: BBB)\n (the \"Company\" or \"Brixton\") announces a non-brokered private placement financing of 1,272,727\n flow-through shares (\"FT Shares\") at a price of $0.11 per FT Share for total gross proceeds of\n approximately $140,000 (the \"Private Placement\").\n\n\nAll securities issued pursuant to the Private Placement will be subject\n to a four month and one day hold period. The closing date for the\n Private Placement will occur on December 23, 2013, or such later date\n as may be required. The proceeds from the Private Placement will be\n used to fund exploration activities at the Company's Thorn property.\n\n\nOn closing, finder's fees totalling $7,000 will be paid in accordance\n with the policies of the TSX Venture Exchange.\n\n\nAbout Brixton Metals Corporation and its Thorn Project\n\n\nBrixton is an exploration company focused on the advancement of\n high-grade precious metal assets to feasibility. The primary focus at\n the Thorn project is high-grade silver-gold-lead-zinc-bearing\n diatreme-breccia zones and high-grade gold-silver-copper veins.\n Secondary targets include porphyry, skarn, replacement, and bulk\n tonnage gold targets. The Thorn project covers a Jurassic to Cretaceous\n volcanic-porphyry complex that shares similarities with other high\n sulphidation deposits around the world such as Lepanto-FSE in the\n Philippines, Penasquito in Mexico and El Indio in Chile. The\n 27,000-hectare Thorn Project is located in the Sutlahine River area of\n Northwestern British Columbia, Canada, approximately 40 km from\n Chieftain's Tulsequah Chief mine development.\n\n\nBrixton Metals Corporation shares trade on the TSX-V under the ticker\n symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.\n\n\nOn Behalf of the Board of Directors\n\n\nMr. Gary R. Thompson, Chairman and CEO,\n\n\nTel: 604-630-9707\n\n\nInformation set forth in this news release may involve forward-looking\n statements under applicable securities laws. Forward-looking statements\n are statements that relate to future, not past, events. In this\n context, forward-looking statements often address expected future\n business and financial performance...