Business
Brixton Metals Files Final Short Form Prospectus
/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\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S.\n NEWSWIRE SERVICES/\n\n\nVANCOUVER, July 29, 2011 /CNW/ - Brixton Metals Corporation (TSX-V: BBB)\n (the \"Company\" or \"Brixton\") is pleased to announce that a final short form prospectus has been\n filed with and receipted by the regulatory authorities in each of the\n provinces of Canada, other than Manitoba and Qubec, in connection with\n an offering of units (\"Units\") and flow-through units (\"Flow-Through Units\") of the Company (the \"Offering\"). Under the terms of the Offering, the Company is offering for sale a\n minimum 10,500,000 Units and a maximum of 20,000,000 Units, as well as\n 5,263,157 Flow-Through Units. Global Maxfin Capital Inc. is acting as\n exclusive agent for the Offering pursuant to an agency agreement dated\n July 28, 2011.\n\n\nEach Unit will be comprised of one common share (a \"Common Share\") of the Company and one common share purchase warrant (an \"Offered Warrant\") and each Flow-Through Unit will be comprised of one common share to\n be issued on a \"flow-through\" (a \"Flow-Through Share\") basis and one-half of one Offered Warrant also to be issued on a\n \"flow-through\" basis. Each Unit is being offered at price of $0.15\n and each Flow-Through Unit is being offered at a price of $0.19. Each\n whole Warrant will be exercisable to acquire one common share of the\n Company for a period of 24 months from the closing date of the Offering\n at an exercise price of $0.25.\n\n\nThe TSX Venture Exchange (the \"TSX-V\") has conditionally approved the listing of the Common Shares, the\n Flow-Through Shares, the Offered Warrants and the common shares\n underlying the Offered Warrants, subject to the Company fulfilling all\n of the listing requirements of the TSX-V. Closing of the Offering is\n scheduled for August 4, 2011, subject to customary closing conditions\n and the fulfillment of the TSX-V listing conditions.\n\n\nThis Offering is only made by prospectus. The prospectus contains\n important detailed information about the securities being offered.\n Copies of the prospectus may be obtained from Global Maxfin Capital\n Inc. c/o Carlos Vargas, Syndication, Global Maxfin Capital Inc., 181\n University Ave., Suite 401, Toronto, ON, M5H 3M7, [email protected], telephone (647) 776-7235 or fax (416) 640-2993. ...