Brixton Metals Announces Closing of Non-Brokered Private Placement for Gross Proceeds of $4 Million
Brixton Metals Announces Closing of Non-Brokered Private Placement for Gross
Proceeds of $4 Million
Not for distribution to United States Newswire Services or for dissemination in the United States
VANCOUVER, British Columbia, April 10, 2026 - Brixton Metals Corporation (TSX- V: BBB,
OTCQX: BBBXF) (the “Company” or “Brixton”) is pleased to announce that it has closed a
non-brokered private placement offering of 1,110,000 national flow-through shares in the capital
of Brixton (“FT Shares”) at a price of $ 1.35 per FT Share and 1,771,111 critical mineral flow-
through shares in the capital of Brixton (the “CMFT Shares”) at a price of $1.44 per CMFT
Share, for combined gross proceeds of $4,048,899.84 (the “Offering”).
The gross proceeds from the sale of FT Shares will be used to incur “Canadian exploration
expenses” and “flow-through mining expenditures” as defined in the Income Tax Act (Canada)
(the “ Act”). The gross proceeds from the CMFT Shares will be used to incur “flow -through
critical mineral mining expenditures” as defined in subsection 127(9) of the Act. Exploration
expenditures are mainly for exploration and drilling at the Company’s Thorn Copper -Gold
Project in British Columbia and the Langis Silver-Cobalt Project in Ontario.
In connection with the Offering, the Company paid $30,000 and issued 20,833 non-transferable
common share purchase warrants (each, a “Compensation Warrant”) to an arm’s length party
who assisted in introducing a subscriber to the Offering. Each Compensation warrant is
exercisable to acquire one common share in the capital of the Company at an exercise price of
$1.44 until April 10, 2028.
All securities issued in connection with the Offering are subject to a hold period of four months
and one day expiring on August 11, 2026 pursuant to applicable Canadian securities laws.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
For Investor Relations inquiries, please contact: Mr. Michael Rapsch, Vice President
Investor Relations. email: [email protected] or call Tel: 604-630-9707.
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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 information under applicable
securities laws. Forward -looking information are statements and information that relate to future, not
past, events. In this context, forward-looking information often addresses expected future business and
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financial performance, and often contain s words such as “anticipate”, “believe”, “plan”, “estimate”,
“expect”, and “intend”; information and statements that an action or event “may”, “might”, “could”,
“should”, or “will” be taken or occur, or other similar expressions. All information other than information
of historical fact included herein are forward-looking information, including, without limitation, information
regarding the Company’s business plans and strategies of operations and the use of proceeds of the
Offering. By its nature, forward-looking information involves 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 information. 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 and the additional risks identified in the annual information form of the Company or
other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators.
Forward-looking information is based on management’s beliefs, estimates and opinions on the date that
such information is provided and the Company undertakes no obligation to update forward -looking
information 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 information. 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.