Brixton Metals

Brixton Metals has closed the second tranche of a private placement and raised a total gross amount of US$8,956,654.02 in the first two tranches. It issued 650,000 units at US$0.66 (each unit: common share plus warrant, exercise price US$0.90 until 25 August 2029, with an accelerated expiry clause) and 5,332,905 flow-through shares at US$0.76. Net proceeds from the units will be used for exploration of the Langis silver project and for working capital; the flow-through funds will be applied to Canadian exploration expenditures. Financing commissions to date total US$155,176.56; the issued securities are subject to a hold period until 26 December 2026. A final tranche of the offering has been announced; details will follow upon closing. » Más en de.investing.com

Brixton Metals issued 6,779,767 units at $0.66 each, raising gross proceeds of $4,474,646.22. Each unit consists of a common share and a warrant exercisable until August 15, 2029, at $0.90, with an acceleration clause in the event of sustained price appreciation; the issued securities are subject to a hold period until December 15, 2026. Net proceeds are to be used for exploration of the Langis silver project and for general working capital. Finder’s fees of $125,146.56 were paid, certain directors and senior officers subscribed for 238,000 units; a final tranche of the placement is planned. » Más en de.investing.com

Brixton Metals completed a non-brokered private placement, raising gross proceeds of C$4,048,899.84. Offered were 1,110,000 national flow-through shares at C$1.35 and 1,771,111 flow-through shares for critical minerals at C$1.44; proceeds are intended for exploration and drilling activities at Thorn (copper-gold) and Langis (silver-cobalt). The company paid finders’ fees in the form of 20,833 non-transferable warrants, and the issued securities are subject to a hold period until August 11, 2026. » Más en de.investing.com