Company sells 17.25 million common shares to Hecla Mining subsidiary
By Devika Patel
Knoxville, Tenn., Feb. 26 - Brixton Metals Corp. said it settled a C$2.59 million private placement of stock with a subsidiary of Hecla Mining Co.
The company sold 17.25 million common shares at C$0.15 apiece. The price per share is a 21.05% discount to the Feb. 25 closing share price of C$0.19.
The gold, silver and copper exploration company is based in Vancouver, B.C.
| Issuer: | Brixton Metals Corp.
|
| Issue: | Common shares
|
| Amount: | C$2,587,500
|
| Shares: | 17.25 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Investor: | Hecla Mining Co.
|
| Settlement date: | Feb. 26
|
| Stock symbol: | TSX Venture: BBB
|
| Stock price: | C$0.19 at close Feb. 25
|
| Market capitalization: | C$11.35 million
|
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