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Brixton Metals Corporation (BBB.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2850-0.0050 (-1.72%)
As of 12:53PM EST. Market open.
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Previous Close0.2900
Open0.2800
Bid0.2800 x 0
Ask0.2850 x 0
Day's Range0.2800 - 0.2900
52 Week Range0.0800 - 0.5700
Volume155,138
Avg. Volume381,381
Market Cap53.154M
Beta (5Y Monthly)1.80
PE Ratio (TTM)N/A
EPS (TTM)-0.0600
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.60
  • Brixton Metals Announces Closing of $4.46M Private Placement and Adds Mr. Brock Riedell as Senior Technical Advisor to the Company
    GlobeNewswire

    Brixton Metals Announces Closing of $4.46M Private Placement and Adds Mr. Brock Riedell as Senior Technical Advisor to the Company

    Not for distribution to United States Newswire Services or for dissemination in the United StatesVANCOUVER, British Columbia, Nov. 20, 2020 (GLOBE NEWSWIRE) --  Brixton Metals Corporation (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed a non-brokered private placement of flow-through common shares of the Company for gross proceeds of C$4,461,120 (the "Private Placement"). Each flow-through share (a “FT Share”) was issued at a price of C$0.36 and is comprised of one common flow-through share of the Company. The Company issued a total of 12,392,002 FT Shares pursuant to the Private Placement. Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “Brixton is now fully-funded going into 2021. Brixton will end 2020 with a treasury of about $9 million. This winter we are drilling for high-grade silver and cobalt at the Langis Project in Cobalt, ON and will be drilling further high-impact targets at the Thorn Project next season. We’re encouraged by the confidence we’ve seen from major shareholders, and are looking forward to positive near-term catalysts.”The gross proceeds from the issuance of the FT Shares will be used for “Canadian exploration expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced to the subscribers with an effective date no later than December 31, 2020 to the initial purchasers of the FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares, as applicable, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT Shares subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures as agreed.The net proceeds from the issuance of FT Shares shall be primarily used for exploration activities.Finders acting in connection with the closing of this Private Placement received finder’s fees in the aggregate total amount of $137,420.84 and were issued an aggregate of 381,724 finder’s warrants. Each finder’s warrant is exercisable for one common share of the Company at an exercise price of $0.36 for a period of 24 months from the date of closing of the Private Placement.One insider of the Company participated in the Private Placement in the amount of 83,350 FT Shares. Participation by insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (”MI 61-101”). The issuance of Securities to the related party is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(b) of MI 61-101.The FT Shares and any finders warrants, including all underlying securities thereof, issued with respect to the Private Placement, will be subject to a hold period of four months and one day in accordance with applicable securities laws and the policies of the TSX Venture Exchange (“TSX-V”).This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.K. Brock RiedellBrock Riedell has over forty years experience in minerals exploration and mining economic analysis. During his career he has been involved in porphyry, volcanic and sediment-hosted gold discoveries in B.C., Nevada, Utah, and Arizona. Since 2009 he has been a Vancouver-based consulting geologist focused on porphyry Cu/Au/Mo exploration in the Americas. He has consulted to Brixton, primarily on the Thorn Project, since mid-2018. Other clients have included Imperial Metals (Red Chris and Catface, B.C.), Fortuna Silver (Lindero, Argentina), Adventus Mining (Pijili and Santiago, Ecuador), Redhawk Resources (Copper Creek, Arizona), and Abacus Mining and Exploration (Willow, Yerington district, Nevada). From 1995 to 2009, he worked for BHP in the western USA, Chile, and Canada; he served as global Chief Geologist from 2002 to 2005. His early career was mostly in western U.S. exploration roles with Exxon Minerals and Newmont.Mr. Thompson stated, “We are delighted to have Mr. Brock Riedell step into a larger role as Senior Technical Advisor at Brixton Metals. Brock has served as a consultant to the company for a number of years, and he brings a wealth of porphyry experience to the team. In addition to Brock’s work with the Company we plan to continue work with UBC’s MDRU (Mineral Deposit Research Unit) as we look to unlock the giant porphyry potential at the Company’s wholly owned 2600 square kilometer Thorn Project.”About Brixton Metals CorporationBrixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility. Brixton wholly owns four exploration projects: the Thorn copper-gold-silver and the Atlin Goldfields projects located in NWBC, the Langis-Hudson Bay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.On Behalf of the Board of DirectorsMr. Gary R. Thompson, Chairman and CEO Tel: 604-630-9707 or email: info@brixtonmetals.comFor Investor Relations, please contact:Mitchell Smith, VP Investor Relations Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com Cautionary NoteNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements including statements in respect of regulatory approval, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds, by their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

  • Brixton Metals Finds Multiple Gold Samples Greater than 1 oz/t at the Trapper Target on its Thorn Project
    GlobeNewswire

    Brixton Metals Finds Multiple Gold Samples Greater than 1 oz/t at the Trapper Target on its Thorn Project

    Figure 1 General Location Map of Samples Collected from this Batch of 17 Rock Samples Figure 2 The Trapper Gold Zone with 2020 Gold-in-Rock Geochemical Results Figure 3 Detailed Insert Map of Recent High-Grade Gold Sample Location (blue rectangle) Figure 4 Rock outcrop sample Y642280 returned 47 g/t Au, 127 g/t Ag, 0.19% Cu, 8.2% Pb+Zn, pyrite-pyrrhotite-arsenopyrite and other pictures of the sampled area (Trapper Gold Zone) Figure 5 Rock sample Y642124 returned 5.2% Cu, 1.1 g/t Au, 30.9 g/t Ag (new area of interest) Figure 6 Gold Geochemical Anomalies Map at the Thorn Project Figure 7 Copper Geochemical Anomalies Map at the Thorn ProjectVANCOUVER, British Columbia, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (“Brixton” or the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce high-grade gold, silver and copper content in 17 in place outcrop rock samples collected at and west of the recently acquired Trapper Target on its vast 2,594 square kilometer Thorn Cu-Au-Ag Project. Highlights from Prospecting * Five rock samples greater than 20 g/t gold * Three rock samples greater than 1 oz/t gold, including a 1.5 oz/t Au sample (47.0 g/t Au) * Sample Y642277 returned 31.9 g/t Au, 1490.0 g/t Ag, 5.6% Pb, 3.7% Zn, 0.1% Cu * Three samples greater than 1% copper, including one greater than 5% copper in a new area Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “The Trapper Target was acquired earlier this year from Kodiak Copper for cash and share consideration of C$1 million, whom had drilled the target in 2011 with some very encouraging results. Several days of prospecting in the area have returned exciting new high-grade results. Further geochemical sampling, geological mapping and drilling will be the priorities during the next season’s exploration program.”Table 1. A Summary of the 17 High Grade Rock Samples Collected.Sample IDAu ppmAg ppmCu ppmPb ppmZn ppm Y64228047.0127.01,925.056,100.026,100.0 Y64209241.6106.02,710.042,900.064,000.0 Y64227731.91,490.01,385.056,000.037,000.0 Y64209128.2572.01,880.036,500.029,700.0 Y64227923.0367.01,725.034,000.024,900.0 Y6422817.184.41,175.050,600.053,100.0 Y6420284.64.946.443.7170.0 Y6422583.14.4820.09.491.0 Y6422642.12.7114.010.724.0 Y6422781.65.557.0168.0197.0 Y6422831.368.71,735.036,000.033,200.0 Y6420261.32.9103.018.251.0 Y6421241.130.952,200.011.9131.0 Y6422650.511.329,300.08.9130.0 Y6420310.01.56,890.04.272.0 Y6421370.051.06,970.0842.01,450.0 Y6422600.01.412,200.03.548.0 In addition to the high-grades that were pulled from the Trapper Target, an important new area of interest was identified through prospecting located about 3km west-southwest from the Trapper Target seen in Map B below. Rock sample Y642124 returned 5.2% Cu, 1.1 g/t Au, 30.9 g/t Ag, see Figure 5 below for further details.Click link for Figure 1. General Location Map of Samples Collected from this Batch of 17 Rock Samples:http://brixtonmetals.com/wp/wp-content/uploads/2020/11/Fig-1_16Nov2020.jpgThe Trapper Gold trend is a 5.5 km long NW striking zone that consists of highly altered volcanic sequences with quartz stockwork-brecciation and visible sulphide mineralization.Click link for Figure 2. The Trapper Gold Zone with 2020 Gold-in-Rock Geochemical Results:http://brixtonmetals.com/wp/wp-content/uploads/2020/11/Fig-2_16Nov2020.jpgClick link for Figure 3. Detailed Insert Map of Recent High-Grade Gold Sample Location (blue rectangle):http://brixtonmetals.com/wp/wp-content/uploads/2020/11/Fig-3_16Nov2020.jpgClick link for Figure 4. Rock outcrop sample Y642280 returned 47 g/t Au, 127 g/t Ag, 0.19% Cu, 8.2% Pb+Zn, pyrite-pyrrhotite-arsenopyrite and other pictures of the sampled area (Trapper Gold Zone):http://brixtonmetals.com/wp/wp-content/uploads/2020/11/Fig-4_16Nov2020.jpgClick link for Figure 5. Rock sample Y642124 returned 5.2% Cu, 1.1 g/t Au, 30.9 g/t Ag (new area of interest):http://brixtonmetals.com/wp/wp-content/uploads/2020/11/Fig-5-16Nov2020.jpgDuring the 2020 exploration program at Thorn, Brixton completed a total of 5,291.99m of core drilling of which, 2,788.55m over 16 holes were drilled at the Outlaw gold target and 2,503.44m over 3 holes were drilled at the Camp Creek porphyry target (assay results pending). The property-wide geochemical survey at the Thorn Project includes 5,418 soil and 1,282 rock samples.Figures 6 and 7 represent the latest version of the Thorn Project gold and copper geochemical anomaly maps, both highlighting a 75 km long copper-gold anomalous trend.Click link for Figure 6. Gold Geochemical Anomalies Map at the Thorn Project:http://brixtonmetals.com/wp/wp-content/uploads/2020/11/Fig-6-16Nov2020.jpgWhile the Company has some rock sample results still pending, these maps represent a geochemical compilation totalling 6,600 rock, 25,000 soil and 2,500 stream sediment samples collected throughout the Thorn property of anomalous values.Click link for Figure 7. Copper Geochemical Anomalies Map at the Thorn Project:http://brixtonmetals.com/wp/wp-content/uploads/2020/11/Fig-7-16Nov2020.jpgMr. Antonio Celis, MSc., P.Geo., who is a qualified person as defined by National Instrument 43-101, reviewed and approved the information in this press release.About Brixton Metals CorporationBrixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields Projects located in NWBC with a combined total of 3600sqkm of mineral tenure, the past producing Langis-HudBay silver-cobalt brownfield projects in Ontario and the past producing advanced stage Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB and in the USA OTCQB market under the ticker symbol BBBXF. For more information about Brixton please visit our website at www.brixtonmetals.com.On Behalf of the Board of DirectorsMr. Gary R. Thompson, P.Geo., Chairman and CEO Tel: 604-630-9707 or email: info@brixtonmetals.comFor Investor Relations please contact Mitchell Smith, VP of Investor Relations Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.comCautionary NoteNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds, the closing date of the Private Placement, the expenditures and cash payments to be made by HPX and the negotiation and execution of definitive agreements by HPX and Brixton are forward looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the Exchange and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statement.Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/e8eeea77-4d41-49e8-b6d8-1751b587f3b4https://www.globenewswire.com/NewsRoom/AttachmentNg/25d3b118-b96b-4397-9609-73b1c3e30f68https://www.globenewswire.com/NewsRoom/AttachmentNg/59d7d8e5-d14a-4d63-bf51-ab20394db8edhttps://www.globenewswire.com/NewsRoom/AttachmentNg/4d1a906e-49a6-45a1-9063-014b6a94853fhttps://www.globenewswire.com/NewsRoom/AttachmentNg/fbbbd529-3c9b-40ca-bf35-0ae1a83d22f9https://www.globenewswire.com/NewsRoom/AttachmentNg/814d4160-72ed-4a92-b52a-f2c2732983f0https://www.globenewswire.com/NewsRoom/AttachmentNg/8c499717-40ce-4fa7-a0dc-ad96d3c15fc9

  • Brixton Metals Closes $2M Private Placement with Mr. Robert Friedland
    GlobeNewswire

    Brixton Metals Closes $2M Private Placement with Mr. Robert Friedland

    Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Brixton Metals Corp. (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed its previously announced non-brokered private placement of units of the Company for gross proceeds of C$2,000,000 (the "Private Placement") with Mr. Robert Friedland’s controlled affiliate, Newstar Advantage Ltd. Further details are provided in the press release, dated October 27, 2020.Each unit (a “Unit”) was issued at a price of C$0.235 and is comprised of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of C$0.35 for a period of 36 months from the date of closing of the Private Placement.The Company issued a total of 8,510,638 Units pursuant to the Private Placement.Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “We are delighted to have secured the support of mining mogul Robert Friedland as a shareholder in the Company. We looking forward to working with the HPX team as we accelerate the advancement of the Hog Heaven Project.”The net proceeds from the issuance of Units were used to eliminate 1.5% of the existing 3.0% NSR royalty on the Hog Heaven Project held by Pan American Silver Corp. as further described in the Company’s press release dated October 27, 2020 and for general working capital purposes.The completion of the Private Placement is subject to receipt of the necessary regulatory approvals, including final acceptance by the TSX Venture Exchange. The Units, including all underlying securities thereof, issued with respect to the Private Placement, will be subject to a hold period of four months and one day in accordance with applicable securities laws.This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.About Brixton Metals CorporationBrixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver and the Atlin Goldfields projects located in NWBC, the Langis-HudBay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.On Behalf of the Board of DirectorsMr. Gary R. Thompson, Chairman and CEO Tel: 604-630-9707 or email: info@brixtonmetals.comFor Investor Relations, please contact:Mitchell Smith, VP Investor Relations Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.comCautionary NoteNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. More particularly and without limitation, this news release contains forward-looking statements and information covering the use of proceeds of the Private Placement. All statements including statements in respect of regulatory approval, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds, by their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.