Press release

Brixton Metals Private Placement Over-Subscribed


Not for distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV:BBB, OTCQB:BBBXF) (the "Company" or "Brixton") is pleased to announce that, due to overwhelming interest, the Company's non-brokered private placement previously announced on October 30, 2023 (the "Offering") has been over-subscribed.

The Offering will now consist of up to 12,100,000 units ("Units"), up to 49,652,994 national flow-through units ("NFT Units") and up to 15,726,216 charity flow-through units ("Charity FT Units"), for total gross proceeds of up to $14,030,300. All other terms of the Offering remain unchanged.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Units issuable under the Offering will be offered for sale to purchasers resident in Canada, except Québec (the "Purchasers") pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). Because the offering of the Units is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers for the Units will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the offering of the Units that can be accessed under the Company's profile at www.sedarplus.com, and on the Company's website at https://brixtonmetals.com/offering-document/.

The Purchasers will have the benefit of the offering document and the rights provided under the Listed Issuer Financing Exemption. Prospective investors should read this offering document before making an investment ...

Full story available on Benzinga.com


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