BRIXTON METALS CORPORATION ("BBB")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: September 19, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced August 22, 2016:
Number of Shares: 1,666,700 flow-through shares
2,885,700 shares
Purchase Price: $0.75 per flow-through share
$0.70 per common share
Warrants: 2,885,700 share purchase warrants to purchase 2,885,700 shares
Warrant Exercise Price: $1.00 for a two year period
Number of Placees: 29 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 28,600 units
[1 Placee]
Agent's Fee: Red Cloud Klondike Strike Inc. - $199,143.91 and 278,310 Broker Warrants that are exercisable into common shares at $0.70 per common share for a two year period.
M Partners Inc. - $11,445.05 and 14,648 Broker Warrants that is exercisable into common shares at $0.70 per common share for a two year period.
Primary Capital Inc. $18,312.09 and 25,710 Broker Warrants that are exercisable into common shares at $0.70 per common share for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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