VANCOUVER, BC–(Marketwired – February 24, 2017) – Brixton Metals Corporation (TSX VENTURE: BBB) (the “Company” or “Brixton“) is pleased to announce that it has entered into a letter agreement with Gravitas Securities Inc. (the “Agent“), with a syndicate of agents, in connection with a best efforts private placement offering of up to $4.0 million (the “Private Placement“). The Private Placement will consist of any combination of units (“Units“) to be issued at a price of $0.50 per Unit and common shares issued on a ‘flow through’ basis under the Income Tax Act (Canada) (the “FT Shares“) at a price of $0.55 per FT Share. Each Unit will consist of one common share and one common share purchase warrant (“Warrant“) with each Warrant exercisable by the holder into one common share of the Company at a price of $0.70 per share for a period of 24 months from the closing date.
