| Brixton Metals Adds Lands At Its LANGIS SILVER Project and Provides Corporate Update | |
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May 20, 2016 - Brixton Metals Corporation (TSXV: BBB) (the 'Company' or 'Brixton') is pleased to announce it has entered into a purchase and sale agreement to acquire a 100% interest in the claims near its past producing Langis Silver mine (the 'Property'). Brixton will issue 10,000 common shares of the Company (the 'Brixton Shares') and make a cash payment of $3,000 to acquire the Property, subject to a 2% net smelter royalty ('NSR'). Brixton holds the option to purchase the NSR at $250,000 per 0.5%. In addition Brixton has staked 461 hectares of mineral claims in the area which are subject to approval by the Ministry of Northern Development and Mines of Ontario. Brixton's lands in the Langis and Cobalt camp now total 3,276 hectares.
The issuance of the Brixton Shares is subject to the approval of the TSX Venture Exchange and, if issued, will be subject to a four month and a day hold period.
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Brixton Metals Corporation
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CODE : BBB.V |
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Brixton Metals est une société d’exploration minière d'argent et d'or basée au Canada. Brixton Metals est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,8 millions CA$ (3,5 millions US$, 3,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 10 décembre 2010 à 4,00 CA$, et son plus bas niveau récent le 04 décembre 2015 à 0,05 CA$. Brixton Metals possède 43 790 000 actions en circulation. |