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Brixton Metals Announces Non-Brokered Private Placement of up to $18 Million

BBBXF
  • Brixton Metals Corporation announced a non-brokered private placement offering up to $18 million in combined gross proceeds.
  • The offering includes National Flow-Through Units at $0.08, Critical Mineral Flow-Through Units at $0.085, & non-flow-through Units at $0.07.
  • Each unit consists of a corresponding common share & one warrant exercisable at $0.10 per share for three years.
  • Non-flow-through Units are offered to Canadian investors (excluding Québec) under the Listed Issuer Financing Exemption without a hold period.
  • Flow-Through Units & Critical Mineral Flow-Through Units are subject to a four-month & one-day hold period.
  • Proceeds from non-flow-through Units will fund general corporate purposes, while flow-through proceeds will support exploration at the Thorn Copper-Gold & Langis Silver-Cobalt projects.
  • Critical Mineral Flow-Through Unit proceeds will fund flow-through critical mineral mining expenditures as defined in the Income Tax Act.
  • Finder's fees may be payable to introducers, insiders may participate, & the offering requires TSX Venture Exchange acceptance.
  • An offering document is available via Sedar+ & the company website for prospective investors to review.