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VANCOUVER,
Dec. 20, 2013 /CNW/ - Brixton Metals
Corporation (TSXV: BBB) (the "Company" or "Brixton")
announces a non-brokered private placement financing of 1,272,727
flow-through shares ("FT Shares") at a price of $0.11 per FT Share for total gross proceeds of
approximately $140,000 (the
"Private Placement").
All securities issued pursuant to the Private
Placement will be subject to a four month and one day hold period.
The closing date for the Private Placement will occur on
December 23, 2013, or such later date
as may be required. The proceeds from the Private Placement will be
used to fund exploration activities at the Company's Thorn
property.
On closing, finder's fees totalling $7,000 will be paid in accordance with the
policies of the TSX Venture Exchange.
About Brixton Metals Corporation and its
Thorn Project
Brixton is an exploration company focused on the
advancement of high-grade precious metal assets to feasibility. The
primary focus at the Thorn project is high-grade
silver-gold-lead-zinc-bearing diatreme-breccia zones and high-grade
gold-silver-copper veins. Secondary targets include porphyry,
skarn, replacement, and bulk tonnage gold targets. The Thorn
project covers a Jurassic to Cretaceous volcanic-porphyry complex
that shares similarities with other high sulphidation deposits
around the world such as Lepanto-FSE in the Philippines, Penasquito in Mexico and El Indio in Chile. The 27,000-hectare Thorn Project is
located in the Sutlahine River area of Northwestern British Columbia, Canada,
approximately 40 km from Chieftain's Tulsequah Chief mine
development.
Brixton Metals Corporation shares trade on the
TSX-V under the ticker symbol BBB. For more information
about Brixton please visit our website at
www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R.
Thompson, Chairman and CEO,
Tel: 604-630-9707
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 including, without
limitation; statements about the closing date and use of proceeds
are forward-looking statements. 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; environmental
liability claims and insurance; reliance on key personnel; the
potential for conflicts of interest among certain officers,
directors or promoters with certain other projects; the absence of
dividends; competition; dilution; the volatility of our common
share price and volume and the additional risks identified the
management discussion and analysis section of our interim and most
recent annual financial statement or other reports and filings with
the TSX Venture Exchange 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.
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.
SOURCE Brixton Metals Corporation