Brixton Metals' (TSXV:BBB) Warrants Begin Trading on TSX Venture Exchange - Video Summary of Company Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, August 15, 2011 - Brixton Metals' (TSXV:BBB)
warrants are one of the latest new listings on the TSX Venture Exchange, and
trade under the symbol BBB.WT. These warrants were part of the company's second
public offering in the last eight months.
InvestmentPitch.com has produced a "video news alert" about Brixton Metals. If
this link is not enabled, please visit www.InvestmentPitch.com and enter
"Brixton" in the search box.
Global Maxfin Capital acted as agent on Brixton's public offering, which
consisted of 10,869,999 units priced at $0.15 per unit, and 5,802,238 flow-
through units, priced at $0.19 per unit. Each unit consists of one common share
of the company and one common share purchase warrant and each flow-through unit
consists of one common share to be issued on a "flow-through" basis and one-half
of one offered warrant also to be issued on a "flow-through" basis. Selling
group members include Union Securities, Haywood Securities, Macquarie Private
Wealth and BBS Securities.
The company is focused on large scale precious metal deposits, and has two,
early stage properties in its portfolio.
Brixton is now actively drilling on the Thorn property, which is a high-grade,
gold-silver-copper project located 50 kilometres from the past producing Golden
Bear Mine in Northwest British Columbia. Assays from rock samples returned up to
885 grams per tonne gold, 6,149 grams per tonne silver, 32% copper and 30% zinc.
The company states that $1.3 million has been allocated to the current program,
which includes 3,000 metres of drilling. The company has proposed an additional
$1 million be allocated to drill a further 3,000 metres.
The Kahil Project is a gold-copper porphyry target located in the Kahiltna
Terrace of Alaska, which hosts the giant Pebble gold-copper deposit of Anglo-
American and Northern Dynasty. Brixton's Kahil Project is adjacent to the
Whistler gold-copper deposit being developed by Kiska Metals, and the Estelle
gold property being explored in a joint venture by Millrock Resources with Teck
American.
Brixton has the exclusive option from Millrock to earn a 100% interest in the
Cristo Claim Group, which includes both the Cristo and St Eugene projects.
Millrock previously identified two mineralized areas on this property, giving
Brixton two immediate drill targets. The initial drill program will include
2,000 metres on the St Eugene project. Previous rock samples assayed up to 4.2
grams per tonne gold and soil samples assayed up to 3.0 grams per tonne gold.
Since July 2010, Brixton has been actively staking 100% owned mining claims over
historical mineral showings, structural trends and favorable geology within the
area and is now the largest landholder in this district.
The company is reportedly seeking new M & A opportunities and would like to add
a South American project to its portfolio, in order to provide year round
operations.
Brixton currently trades at $0.135 and with approximately 44.7 million shares
now outstanding, is capitalized at approximately $6 million.
For a more information on Brixton Metals, please visit their website at
www.brixtonmetals.com or phone Peter Oates at 604-630-9707 or email
peter.oates(at)brixtonmetals.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating, hosting, and distributing financial video content across multiple
platforms to investors and financial professionals.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1538512]
Unternehmensinformation / Kurzprofil:
Datum: 15.08.2011 - 17:04 Uhr
Sprache: Deutsch
News-ID 57259
Anzahl Zeichen: 4508
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