Business
Brixton Metals Corporation Announces Completion of Flow Through Private Placement and Prices Unit Offering
Mar. 31, 2011 (Canada NewsWire Group) -- VANCOUVER, March 31 /CNW/ - Brixton Metals Corporati...
About this update from Brixton Metals Corporation
[{"type":"text","content":"\n\n\n Mar. 31, 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, March 31 /CNW/ - Brixton Metals Corporation ("Brixton" or the\n "Company") is pleased to announce it has completed its first tranche of\n a financing announced March 3, 2011 with MineralFields Group. The\n brokered placement is for 4,000,000 flow-through units of the Company\n (each a "Flow-though" unit) at $0.25 per unit (the "offering") for\n total gross proceeds of $1,000,000.  Each unit consists of one common\n share and a one-half of one purchase warrant, with each full purchase\n warrant being exercisable into one common share of the Company at $0.40\n for a 24-month period.  The securities issued pursuant to this offering\n are subject to a hold period of four months and one day from the\n closing date.\n\n\nThe Company has also priced its previously announced unit offering at\n $0.20 per unit (the "Units").  The Units will consist of one common\n share of the Company and one-half of one purchase warrant (each whole\n 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 of\n $0.30.\n\n\nThe finder for the Flow-through is First Canadian Securities (a division\n of Limited Market Dealer Inc.) which received a cash finder's fee,\n equal to 6% of the gross proceeds received and finders units equal to\n 8% of the Flow-th...