Brixton Metals Private Placement Over-Subscribed
2023年11月6日 - 9:30PM
Brixton Metals Corporation
(TSX-V: BBB, OTCQB:
BBBXF) (the “
Company” or
“
Brixton”) is pleased to announce that, due to
overwhelming interest, the Company's non-brokered private placement
previously announced on October 30, 2023 (the
"
Offering") has been over-subscribed.
The Offering will now consist of up to
12,100,000 units (“Units”), up to 49,652,994 national flow-through
units (“NFT Units”) and up to 15,726,216 charity flow-through units
(“Charity FT Units”), for total gross proceeds of up to
$14,030,300. All other terms of the Offering remain unchanged.
Subject to compliance with applicable regulatory
requirements and in accordance with National Instrument 45-106 –
Prospectus Exemptions (“NI 45-106”), the Units
issuable under the Offering will be offered for sale to purchasers
resident in Canada, except Québec (the
“Purchasers”) pursuant to the listed issuer
financing exemption under Part 5A of NI 45-106 (the “Listed
Issuer Financing Exemption”). Because the offering of the
Units is being completed pursuant to the Listed Issuer Financing
Exemption, the securities issued to Canadian resident subscribers
for the Units will not be subject to a hold period pursuant to
applicable Canadian securities laws.
There is an offering document related to the
offering of the Units that can be accessed under the Company’s
profile at www.sedarplus.com, and on the Company’s website at
https://brixtonmetals.com/offering-document/.
The Purchasers will have the benefit of the
offering document and the rights provided under the Listed Issuer
Financing Exemption. Prospective investors should read this
offering document before making an investment decision.
The securities issued to the other subscribers
for the NFT Units and Charity FT Units will be subject to a hold
period of four months and one day pursuant to applicable Canadian
securities laws. The proceeds raised from the sale of the Units
will be used by the Company for general corporate purposes.
Proceeds from the sale of FT Units and the Charity FT Units will be
used to incur “Canadian exploration expenses” and “flow through
mining expenditures” as defined in the Income Tax Act (Canada).
The Offering is subject to certain conditions
including the receipt of all necessary regulatory approvals,
including the acceptance of the TSX Venture Exchange.
The anticipated closing of the Offering is
November 15, 2023. Finder's fees in amounts to be determined may be
payable to persons who introduce the Company to subscribers to the
Offering.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO Tel:
604-630-9707 or email: info@brixtonmetals.com
Neither 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, or other similar expressions. All
statements other than statements of historical fact included herein
are forward-looking statements, including, without limitation,
statements regarding potential quantity and/or grade of minerals,
potential size and expansion of a mineralized zone, proposed timing
of exploration and development plans, proposed timing for
completion of the Private Placement, the expected number of Common
Shares to be issued and gross proceeds of the Private Placement,
and the use of proceeds of the Private Placement. 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; the fact that the Private Placement may not
close as scheduled or at all, 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 does not undertake to update any
forward-looking information except in accordance with applicable
securities laws.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws, unless an exemption from such registration is
available.
Not for distribution to United States Newswire
Services or for dissemination in the United States
Brixton Metals (TSXV:BBB)
過去 株価チャート
から 11 2024 まで 12 2024
Brixton Metals (TSXV:BBB)
過去 株価チャート
から 12 2023 まで 12 2024