| Brixton Metals Adds Lands At Its LANGIS SILVER Project and Provides Corporate Update | |
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May 20, 2016 - Brixton Metals Corporation (TSXV: BBB) (the 'Company' or 'Brixton') is pleased to announce it has entered into a purchase and sale agreement to acquire a 100% interest in the claims near its past producing Langis Silver mine (the 'Property'). Brixton will issue 10,000 common shares of the Company (the 'Brixton Shares') and make a cash payment of $3,000 to acquire the Property, subject to a 2% net smelter royalty ('NSR'). Brixton holds the option to purchase the NSR at $250,000 per 0.5%. In addition Brixton has staked 461 hectares of mineral claims in the area which are subject to approval by the Ministry of Northern Development and Mines of Ontario. Brixton's lands in the Langis and Cobalt camp now total 3,276 hectares.
The issuance of the Brixton Shares is subject to the approval of the TSX Venture Exchange and, if issued, will be subject to a four month and a day hold period.
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Brixton Metals Corporation
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CODE : BBB.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Brixton Metals is a copper and gold exploration company based in Canada. Brixton Metals is listed in Canada. Its market capitalisation is CA$ 3.5 millions as of today (US$ 2.5 millions, € 2.3 millions). Its stock quote reached its highest recent level on December 10, 2010 at CA$ 4.00, and its lowest recent point on December 04, 2015 at CA$ 0.05. Brixton Metals has 43 790 000 shares outstanding. |