Offering conducted on a best-efforts basis; proceeds fund exploration
By Devika Patel
Knoxville, Tenn., Feb. 1 - Brixton Metals Corp. said it will conduct a C$3 million private placement of stock via a syndicate of agents led by Euro Pacific Canada Inc. and Fraser Mackenzie Ltd.
The company will sell 14,285,715 flow-through shares at C$0.21 per share on a best-efforts basis. The price per share reflects a 20% premium to the Jan. 31 closing share price of C$0.175.
Settlement is expected Feb. 22.
Proceeds will be used for exploration.
The gold, silver and copper exploration company is based in Vancouver, B.C.
| Issuer: | Brixton Metals Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$3 million
|
| Shares: | 14,285,715
|
| Price: | C$0.21
|
| Warrants: | No
|
| Agents: | Euro Pacific Canada Inc. and Fraser Mackenzie Ltd. (leads)
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 22
|
| Stock symbol: | TSX Venture: BBB
|
| Stock price: | C$0.175 at close Jan. 31
|
| Market capitalization: | C$8.04 million
|
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