- 2176423 Ontario Ltd, a corporation that is beneficially owned by Eric Sprott, has sold 5,000,000 common shares of Brixton Metals Corporation
- Mr. Sprott now owns and controls 15,345,167 common shares representing approximately six per cent of the outstanding common shares
- Disposition combined with previous new share issuances by Brixton Metals resulted in an ownership change
- Brixton Metals Corporation’s (BBB) stock price remains unchanged at $0.12 per share as of 12:59 pm EDT.
Eric Sprott has announced that 2176423 Ontario Ltd has sold 5,000,000 common shares of Brixton Metals Corporation (BBB).
The shares were sold on the TSXV at a price of approximately $0.125 per share for total proceeds of approximately $625,000.
Mr. Sprott now owns and controls 15,345,167 common shares representing approximately six per cent of the company’s shares.
The sale combined with previous new share issuances by Brixton Metals resulted in an ownership change of approximately 4.3 per cent bringing total holdings to under 10 per cent on a partially diluted basis. As a result, Mr. Sprott and 2176423 Ontario Limited ceased to be insiders of Brixton Metals.
Brixton Metals Corporation’s (BBB) stock price remains unchanged at $0.12 per share as of 12:59 pm EDT.
