BRIXTON METALS CORPORATION ("BBB")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: April 25, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 24, 2017:
Number of Shares: 711,200 flow-through shares
2,776,800 common shares
Purchase Price: $0.55 per flow-through share
$0.50 per common share
Warrants: 2,776,800 share purchase warrants to purchase 2,776,800 shares
Warrant Exercise Price: $0.70 for a two year period
Number of Placees: 51 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Cale Moodie Y 30,800 nf/t
Spartan Holdings Ltd. (Cale Moodie) Y 120,000 nf/t
Aggregate Pro Group Involvement P 190,000 nf/t
[6 Placees] 20,000 f/t
Agent's Fees: Gravitas Securities Inc. - $135,723, 171,912 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020 and a Corporate Finance Fee of 250,000 common shares.
Red Cloud Klondike Strike Inc. - 51,144 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
Haywood Securities Inc. - 7,200 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
Mackie Research Capital Corporation - 2,400 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
Canaccord Genuity Corp. - 10,000 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
GMP Securities L.P. - 1,800 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
Odlum Brown Limited - 5,164 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
PI Financial Corp. - 1,400 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
Leede Jones Gable Inc. - 4,200 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
Altus Securities Inc. - 8,900 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
M Partners Inc. - 2,000 Broker Warrants exercisable into common shares at $0.50 per share to April 4, 2020.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated April 4, 2017 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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