The Prospector News

Brixton Metals Closes Tranche 2 Of Its Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Brixton Metals Closes Tranche 2 Of Its Private Placement

 

 

 

 

 

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) is pleased to announce that it completed on December 11, 2025, the second tranche of a non-brokered private placement previously announced on November 14, 2025.

 

The Offering consisted of 250,000 National Flow-Through Units at a per FT Unit price of $0.08 and 56,827,497 Non-Flow-Through at a per NFT Unit price of $0.07 for total gross proceeds of $3,997,924.79.

 

Each of the FT Units and NFT Units consisted of a National Flow-Through Share and Common Share, respectively, and each of the Units also comprised one non-transferable warrant. Each Warrant entitles the holder to purchase one additional non-flow-through Common Share of the Company at a per share price of $0.10 until December 11, 2028.

 

The proceeds raised from the sale of the FT Units will be used to incur “Canadian exploration expenses” and “flow through mining expenditures” as defined in the Income Tax Act (Canada). The gross proceeds from the NFT Units will be used for general corporate purposes.

 

The securities issued to subscribers of the FT Units will be subject to a hold period until April 12, 2026 pursuant to applicable Canadian securities laws.

 

The Common Shares and Warrants comprising the NFT Units issuable under the Offering were offered for sale pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Because the offering of the NFT Units was completed pursuant to the Listed Issuer Financing Exemption, the securities issued to subscribers for the non-flow-through Common Shares and Warrants underlying the NFT Units are not subject to a hold period pursuant to applicable Canadian securities laws.

 

Finder’s fees of an aggregate $1,200 in cash and 3,364,649 non-transferable warrants to purchase common shares of the Company at a per share price of $0.10 until December 11, 2028 were paid to arms’ length persons who introduced the Company to subscribers to the Offering.

 

Posted December 12, 2025

Share this news article

MORE or "UNCATEGORIZED"


Delta Reports Multiple Gold Intercepts (4.25 g/t Gold over 11.8 metres and 1.37 g/t over 10.5 metres) at new Shabaqua target 1.3 kilometres west of Eureka Gold Deposit

Step-out drilling at Eureka (South and West) gold deposit continu... READ MORE

January 13, 2026

Amerigo Reports Record Q4-2025 Operational Results, Exceeds Revised 2025 Production Target and Provides 2026 Guidance

Q4-2025 Copper Production of 18.9 million pounds – Highest ... READ MORE

January 13, 2026

TDG Extends Southern Limits of Aurora Complex Mineralization 1.25 g/t Au, 0.33% Cu over 128.7 metres

TDG Gold Corp. (TSX-V: TDG) (OTCQX: TDGGF) is pleased to report a... READ MORE

January 13, 2026

Aya Gold & Silver Announces Record Q4 and Full Year 2025 Silver Production

Production of 5 million silver equivalent ounces for the year, in... READ MORE

January 13, 2026

Nova’s RPM Valley Drilling Confirms Continuity of Mineralized System with High-Grade Intercepts and Remains Wide Open in Multiple Directions

Nova Minerals Limited (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is plea... READ MORE

January 13, 2026

Copyright 2026 The Prospector News