Brixton Metals to Sell Its Non-Core Mining Claims in the Cobalt
Brixton Metals to Sell Its Non-Core Mining Claims in the Cobalt
Camp, Ontario
June 7, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased
to announce that it has entered into an asset purchase and sale agreement with First Cobalt Corp.
(TSXV: FCC ) (" First Cobalt "), to sell 100 percent interest in Brixton’s non-core mineral claims
located in the Cobalt Camp, Ontario , Canada. The 22 claims cover approximately 848 hectares.
The agreement provides that First Cobalt will pay Brixton $325,000 cash.
Chairman and CEO of Brixton, Gary R. Thompson stated, “ These non -core claims were not
contiguous to Brixton’s Langis or Hudson Bay properties. The divesture of these claims allows
Brixton to focus on our wholly owned Langis and Hudson Bay past producing , high-grade silver-
cobalt mines within the Cobalt Camp.”
A Finder’s Fee of $16,500 is payable to Red Cloud Klondike Strike Inc. , in connection with this
transaction.
About Brixton Metals Corporation
Brixton is a Canadian exploration and development company focused on the advancement of its
gold and silver projects toward feasibility.
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 or email: [email protected]
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", "estim ate", "expect", and "intend", statements that an
action or event "may", "might", "could", "should", or "will" be taken or occur, including statements that
address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zo ne,
proposed timing of exploration and development plans, or other similar expressions. All statements, other
than statements of historical fact included herein including, without limitation, statements regarding the
completion of the acquisition, the anti cipated closing of the acquisition, TSXV approval for the issuance of
the Acquisition Shares, historical unclassified resource estimates are forward looking statements. By their
nature, forward-looking statements involve known and unknown risks, uncertaint ies 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 fac tors 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 o f the Company or other reports and filings with the
TSXV 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.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.