BULLETIN V2023-0044
BRIXTON METALS CORPORATION ("BBB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 23, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on October 30, 2023, and increased on November 6, 2023, and November 10, 2023:
Number of Shares: 15,016,666 Non-Flow-Through (NFT) shares
49,386,593 Flow-Through (FT) shares
16,384,645 Charity-Flow-Through (CFT) shares
Purchase Price: $0.15 per NFT share
$0.17 per FT share
$0.24 per CFT share
Warrants: 40,393,950 share purchase warrants to purchase 40,393,950 shares
Warrant Exercise Price: $0.23 for a two-year period
Number of Placees: 43 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 2 16,384,645 CFT shares and
205,900 FT shares
Aggregate Pro Group Involvement: 1 75,000 FT shares
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $92,940.12 N/A 558,235
Finder's Warrants Terms: Each non-transferable warrant entitles the holder to purchase one common share at the price of $0.23 for period of 2 years from the date of issuance.
The Company issued news releases on November 20, 2023, and November 22, 2023, confirming closing of the private placement. 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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