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Brixton Metals Announces Private Placement
Published : November 06, 2013
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Keywords :   Canada | Chile | Copper | G Mexico | Gold | Lead | Mexico | Philippines | Silver | Volatility | Zinc |

Brixton Metals Announces Private Placement

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES/

VANCOUVER, Nov. 6, 2013 /CNW/ - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") announces a non-brokered private placement financing of 1,363,600 flow-through shares ("FT Shares") at a price of $0.11 per FT Share for total gross proceeds of approximately $150,000 (the "Private Placement").

All securities issued pursuant to the Private Placement will be subject to a four month and one day hold period. The closing date for the Private Placement will occur on November 8, 2013, or such later date as may be required. The proceeds from the Private Placement will be used to fund exploration activities at the Company's Thorn property.

On closing, finder's fees totalling approximately $7,500 will be paid in accordance with the policies of the TSX Venture Exchange.

About Brixton Metals Corporation and its Thorn Project

Brixton Metals is an exploration company focused on the advancement of high-grade precious metal assets to feasibility. The primary focus at the Thorn project is high-grade silver-gold-lead-zinc-bearing diatreme-breccia zones and high-grade gold-silver-copper veins. Secondary targets include porphyry, skarn, replacement, and bulk tonnage gold targets. The Thorn project covers a Jurassic to Cretaceous volcanic-porphyry complex that shares similarities with other high sulphidation deposits around the world such as Lepanto-FSE in the Philippines, Penasquito in Mexico and El Indio in Chile. The 27,000-hectare Thorn Project is located in the Sutlahine River area of Northwestern British Columbia, Canada, approximately 40 km from Chieftain's Tulsequah Chief mine development.

Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr. Gary R. Thompson, Chairman and CEO,

Tel: 604-630-9707

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the closing date and use of proceeds are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE Brixton Metals Corporation

For further information:

Mr. Gary R. Thompson, Chairman and CEO,
Tel: 604-630-9707

Data and Statistics for these countries : Canada | Chile | Mexico | Philippines | All
Gold and Silver Prices for these countries : Canada | Chile | Mexico | Philippines | All

Brixton Metals Corporation

CODE : BBB.V
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Brixton Metals is an exploration silver and gold company based in Canada.

Brixton Metals is listed in Canada. Its market capitalisation is CA$ 8.5 millions as of today (US$ 6.5 millions, € 5.8 millions).

Its stock quote reached its highest recent level on December 10, 2010 at CA$ 4.00, and its lowest recent point on December 04, 2015 at CA$ 0.05.

Brixton Metals has 43 790 000 shares outstanding.

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In the News and Medias of Brixton Metals Corporation
6/21/2018Brixton Metals spins out cobalt assets
Financings of Brixton Metals Corporation
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11/6/2013Announces Private Placement
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2/2/2012Announces Flow Through Financing
4/1/2011Completes Flow Through Private Placement
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2/9/2011Brixton Metals Appoints Mr. Hughes As VP Exploration
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11/5/2012expands The Oban Zone=2C cutting one of the widest high grad...
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3/20/2012Summarizing 2011 drill results and plans for 2012.
1/5/2012Brixton Metals Intersects 95m of 904 g/t AgEq Including 9.25...
1/5/2012Intersects 95m of 904 g=2Ft AgEq Including 9.25m of 3=2C646...
8/19/2011Commences Exploration in Alaska
6/6/2011Announces Drilling Underway At Thorn, B.C. While Alaskan Dis...
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7/27/2016Brixton Metals Provides Corporate and Project Update
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3/2/2016Brixton Metals Provides Preliminary Model of the Langis Silv...
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11/30/2015Brixton Metals to Acquire the Past-Producing Langis Silver M...
4/7/2015Announces Grant of Stock Options
4/7/2015Brixton Metals Announces Grant of Stock Options
12/16/2014Brixton Metals Files NI 43-101 Technical Report
12/15/2014Brixton Metals Files NI 43-101 Technical Report
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10/29/2014Brixton Metals Establishes an Inferred Resource of 21.5 Mill...
7/29/2014Brixton Metals Discovers Sediment Hosted Gold Zone at its Th...
7/7/2014Brixton Metals Appoints Mr. Ian Ball to the Board of Directo...
2/24/2014Files Assessment Report and Provides Summary
10/17/2013Commences Exploration At Its Thorn Project
10/10/2013Secures Strategic Investment from Rob McEwen and Hecla Minin...
8/28/2013Expands the OBAN Zone and Drills up to 1=2C275 g=2Ft Silver ...
8/8/2013Samples 13.5 g/t Au and 207 g/t Ag from Soils and Provides U...
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2/21/2013Announces $2.6 Million Strategic Investment From Hecla Minin...
2/1/2013Enters into Definitive Purchase and Sale Agreement
1/8/2013to Acquire 100% Interest in Thorn Property
12/12/2012Chairman & CEO=2C Gary Thompson=2C spreading the word about ...
10/2/2012Commences Phase Two, 2012 Drill Program At Thorn
9/26/2012Completes $1.4 Million Financing
9/4/2012Drills 83.9m of 296.50 g=2Ft AgEq including 12.9m of 769.42 ...
2/22/2012Receives its Independent Report on The Thorn Property Confi...
1/24/2012Enters Investor Relations Agreement with Brisco Capital Part...
1/11/2012in the news=3A ''Brixton CEO Gary Thompson on BC assays of ...
11/28/2011Drills 75 m of 1.12 g=2Ft AuEq at the Oban Breccia Zone and ...
10/25/2011Drills 49.78 m of 2.26 g=2Ft AuEq at Talisker
9/9/2011Provides an Exploration Update
8/17/2011Doubles Talisker Zone Strike and Drills 34.8 m of 1.33g/t Au...
8/11/2011Completes Public Offering for $2.7M
7/30/2011Files Final Short Form Prospectus
7/12/2011Clarifies Technical Disclosure Related to its Cristo Propert...
6/28/2011Files Preliminary Short Form Prospectus
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3/22/2011is in the media spotlight again.
3/18/2011Is Updating Its Records
3/4/2011hits the media
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