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Brixton Metals Announces Brokered Financing of up to $3 Million

August 22, 2016 - releases
Brixton Metals Announces Brokered Financing of up to $3 Million

Brixton Metals Corp.(TSX VENTURE:BBB)is pleased to announce its intention to raise $3.0 million in a brokered private placement, led by Red Cloud Klondike Strike Inc. together with a syndicate of agents including M Partners Inc. on a best efforts agency basis. The Private Placement will consist of any combination of units to be issued at a price of $0.70 per Unit and common shares issued on a ‘flow through’ basis under the Income Tax Act at a price of $0.75 per FT Share. Each Unit will consist of one common share and one common share purchase warrant (“Warrant”) with each Warrant exercisable by the holder into one common share of the Company at a price of $1.00 per share for a period of 24 months from the closing date.

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