The Prospector News

Brixton Metals Reduces Royalties at its Thorn Project Through a Purchase Agreement with Kohima Pacific Gold

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Brixton Metals Reduces Royalties at its Thorn Project Through a Purchase Agreement with Kohima Pacific Gold

 

 

 

 

 

Brixton Metals Corporation (TSX-V: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into a Royalty Purchase Agreement dated June 17, 2024  with Kohima Pacific Gold Corporation, a private company, pursuant to which the Company will purchase and concurrently cancel, the outstanding 2% royalty on net smelter returns from the Check-Mate claim and the outstanding 3.5% royalty on net smelter returns from the Stuart claims, all of which are located on the Company’s Thorn Project.

 

Chairman and CEO, Gary R. Thompson, stated, “We are pleased to have reached an agreement with Kohima on the purchase of these royalties, further reducing encumbrances and increasing the potential viability of the project. The original Check-Mate mineral claims were centered on the Camp Creek Target area including the near surface high-sulphidation gold-silver-copper mineralization and the porphyry copper-gold-silver-molybdenite mineralization at depth.”

 

The Company has agreed to issue, subject to the acceptance by the TSX Venture Exchange, an aggregate of 2,500,000 common shares to Kohima in consideration for the purchase and cancellation of the net smelter return royalties all as set out in the Royalty Purchase Agreement.

 

The common shares to be issued by the Company in accordance with the terms of the Royalty Purchase Agreement will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities legislation and TSX Venture Exchange policy. No finder’s fees are payable in connection with the transaction.

 

About Brixton Metals Corporation

 

Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel Project in Ontario and the Atlin Goldfields Project located in northwest BC.

 

Posted June 20, 2024

Share this news article

MORE or "UNCATEGORIZED"


Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp

Great Pacific Gold Corp. (TSX-V: GPAC) (OTCQX: FSXLF) (FSE: V3H)... READ MORE

July 3, 2025

Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects

Big Blue highlights: 0.6 meters grading 0.7% Cu, 3,194 g/t Ag and... READ MORE

July 3, 2025

Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 3, 2025

Dios Sells K2 to Azimut

Dios Exploration Inc. (TSX-V: DOS) is pleased to report it has e... READ MORE

July 3, 2025

Northisle Announces Near Surface Intercepts and Higher-Grade Intercepts at Depth at West Goodspeed on its North Island Project

Highlights: Recent drilling at West Goodspeed supports the presen... READ MORE

July 3, 2025

Copyright 2025 The Prospector News