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Brixton Metals Closes Private Placement
Brixton Metals Corporation (TSX-V: BBB) (OTCQB: BBBXF) is pleased to announce that it completed on July 11, 2025, the non-brokered private placement previously announced on July 7, 2025. The Offering consisted of 18,234,708 flow-through shares, for total gross proceeds of $2,370,512.04.
Each FT Share was issued as a “flow-through share” within the meaning of the Income Tax Act (Canada).
The use of proceeds will be for drilling at the Company’s Thorn Project in British Columbia.
The securities issued to subscribers of the FT Shares are subject to a hold period until November 12, 2025, pursuant to applicable Canadian securities laws.
Finder’s fees of an aggregate $51,000.71 and 392,313 warrants to purchase common shares of the Company at a per share price of $0.13 until July 11, 2027 were paid to persons who introduced the Company to subscribers to the Offering.
Posted July 13, 2025
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