- Brixton Metals (BBB) has closed the first tranche of a non-brokered private placement for gross proceeds of $3,513,538.00
- Under the first tranche, Brixton Metals issued 21,475,300 flow-through units and 574,000 units
- The second tranche of the offering is expected to close on or about September 15, 2022
- Brixton Metals Corp is a Canadian exploration company focused on the development of mineral properties in Canada and the USA
- Brixton Metals Corporation (BBB) opened trading at C$0.135
Brixton Metals (BBB) has closed the first tranche of a non-brokered private placement for gross proceeds of $3,513,538.00.
The first tranche forms a part of a larger offering for an aggregate total of up to $5,250,000.00.
Under the first tranche, Brixton Metals issued 21,475,300 flow-through units and 574,000 units.
Brixton metals issued 1,322,958 broker warrants and paid cash finders’ fees of $210,812.28 to GloRes Securities Inc. and Accilent Capital Management Inc.
The second tranche of the offering is expected to close on or about September 15, 2022.
The gross proceeds raised will be used for general exploration expenditures on the company’s Thorn Project in British Columbia and for working capital and general corporate purposes.
All securities issued are subject to a statutory four-month hold period.
Brixton Metals Corp is a Canadian exploration company focused on the development of mineral properties in Canada and the USA.
Brixton Metals Corporation (BBB) opened trading at C$0.135.