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 New Gold Intercept at Nova Target in Wedge Area, 4 Kilometres West of Eureka; Follow-Up Drill Program Underway

Delta Reports New Gold Intercept at Nova Target in Wedge Area, 4 ... READ MORE

February 4, 2026

Silver One Announces Closing Of Final Tranche Of $32 Million Financing

Silver One Resources Inc. (TSX-V: SVE) (OTCQX: SLVRF) (FSE: BRK1)... READ MORE

February 4, 2026

SAGA Metals Achieves 100% Drilling Success in 2025—Reports Final Assays from Trapper South at Radar Critical Minerals Project in Labrador

Exceptional grades of Titanium, Vanadium and Iron in all 15 drill... READ MORE

February 4, 2026

Near Surface Intersection Yields 6.58 g/t gold over 10.35 metres

Intersection is within 33 metres from surface and contained in a ... READ MORE

February 4, 2026

Alamos Gold Provides Three-Year Operating Guidance Outlining 46% Production Growth by 2028 at Significantly Lower Costs

Further production growth to one million ounces annually expected... READ MORE

February 4, 2026

Copyright 2026 The Prospector News