VANCOUVER, May 10 /CNW/ - Brixton Metals Corporation ("Brixton" or the "Company") (TSX-V: BBB) today announced that it has engaged CHF Investor Relations, effective immediately. CHF is a highly regarded Canadian investor relations firm headquartered in Toronto and operating under the same management for the past eighteen years.
Veterans of exploration and highly respected within the industry, Brixton's management is focused on advancing large-scale deposits to feasibility; currently working on two properties: Kahilt (Alaska, USA), and Thorn (British Columbia, Canada).
"Since we are currently undertaking equity financing for our two highly prospective North American gold-silver-copper projects, we recognize the onus to dedicate time and energy as well to our Investor Relations. CHF will engage a comprehensive, methodical and persistent IR program for Brixton Metals, serving both shareholders and the investment community," commented Gary R Thompson, CEO and Chairman.
Subject to TSX Venture Exchange approval, the agreement for investor relations and market-making services is for a term of twelve months. Performance under the agreement may be reviewed after six months and the agreement may be extended by up to one year. Under the terms of the agreement, CHF will receive $7,500 per month in fees and reimbursement of expenses. As part of this agreement CHF has been granted a total of 400,000 options premium priced as 200,000 at $0.25 and 200,000 at $0.60; all vesting over 12 months and valid for a term length of five years which is the same as those granted to directors/officers of the Company. As a Tier 2 Venture issuer, all options granted are subject to the minimum vesting rules of the TSX Venture Exchange and cancellation 30 days after services are terminated.
It has been agreed that CHF will initiate its Market Liquidity Program, more commonly referred to as market-making, through its Calgary office. The market-making activity will be conducted using a registered broker, Mackie Research Corporation, in compliance with Policy 3.4 of the TSX Venture Exchange Corporate Finance Manual, IIROC's Universal Market Integrity Rules & Policies (2010) and other relevant policies, so that trading orders in the Company's shares are made to manage volatility and imbalance of orders to improve liquidity. As per Policy 3.4, section 2.8 that states in part "an Issuer may not use its own funds, or provide direct or indirect compensation to other parties to undertake a market-making function in its securities," Brixton and CHF confirm that capital for the purposes of market-making has not and will not be provided from Brixton's treasury.
Prior to the grant of options outlined above, CHF had no direct or indirect interest in the Company or its securities.
About Brixton Metals Corporation
Brixton is a Vancouver based mineral exploration company engaged in the acquisition and exploration of precious metals assets. Brixton's management is focused on advancing large-scale deposits to feasibility. Brixton's portfolio is comprised of two properties: Thorn (BC), and Kahilt (Alaska). The Kahilt District is the name Brixton has given to its lands within the Kahiltna Terrane, a 650 km long section of Alaska that was infused with copper and gold mineralization. The Kahiltna Terrane hosts the giant Pebble gold-copper deposit of Anglo-American and Northern Dynasty, the Whistler gold-copper deposit being developed by Kiska Metals, and Millrock Resources' Estelle gold property being explored in joint venture with Teck American Incorporated. Brixton Metals trades on the TSX Venture Exchange under ticker symbol BBB.
About CHF Investor Relations
CHF's effective role is acting as the public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX/TSX Venture and CNSX-listed companies that operate in a broad range of industries including mining exploration and producers, oil & gas, renewable energy and industrial services, high-tech, biotech, and consumer products. The depth of capital market experience is formidable dating back to the late 1970's. CHF's head office is in Toronto, with another Canadian office in Calgary; as well as satellite offices in New York, USA; São Paulo, Brazil; and Shanghai, China.
For more information about Brixton please visit our website at www.brixtonmetals.com. To receive Company news via email contact IR@brixtonmetals.com and mention "Brixton news" in the subject line.
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.
Forward-Looking Statements / Information
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
