Brixton Metals closes $7.7 million upsized private placement with strategic investment by Eric Sprott

09 August 2019


On August 9, 2019, Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) completed its previously announced upsized private placement of units and flow-through common shares of the company for gross proceeds of $7,798,656.02.

Pursuant to the private placement, Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 22,250,000 units for total consideration of $4,005,000, thereby becoming the biggest shareholder of Brixton Metals.

Brixton Metals is a Canadian exploration and development company focused on the advancement of its gold copper and silver projects toward feasibility with assets in British Columbia, Ontario and Montana.

Gowling WLG advised Brixton Metals with a team that included Denis Silva assisted by paralegal Toni Vodola.

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