Business
Brixton Metals Closes Portion Of Private Placement
Apr. 15, 2011 (Canada NewsWire Group) -- VANCOUVER, April 15 /CNW/ - Brixton Metals Corporati...
About this update from Brixton Metals Corporation
[{"type":"text","content":"\n\n\n Apr. 15, 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\nVANCOUVER, April 15 /CNW/ - Brixton Metals Corporation  (TSXV: BBB) (the\n "Company" or "Brixton") is pleased to announce that it has completed a\n brokered private placement of a total of 1,465,000 units at a price of\n $0.20 per unit (consisting of one common share and one-half of one\n warrant) (the "Units") for total gross proceeds to the Company of approximately $293,000.\n The agent for the private placement was Casimir Capital Ltd.  Each\n whole warrant is exercisable to acquire one common share of Brixton for\n a period of 24 months at an exercise price of $0.30 per Brixton share.\n The securities bear a four month and one day hold period. Agent's fees\n totalling approximately $23,440 in cash and 117,200 broker warrants\n were paid in accordance with the policies of the TSX Venture Exchange.\n Each broker warrant is exercisable into one common share of the Company\n at a price of $0.20 per share for a period of 24 months. The proceeds\n of the private placement will be used for advancing the Company's\n properties and for general and administrative purposes.\n\n\nAbout Brixton Metals Corp.\n\n\nBrixton is a Vancouver based mineral exploration company engaged in the\n acquisition and exploration of precious metals assets. Brixton's\n management is focused on advancing large-scale deposits to feasibility.\n Brixton's portfolio is comprised of two properties: Thorn (BC)...