Brixton Metals Corporation announced a non-brokered private placement of charity flow-through units at a price of CAD 0.24 per unit and national flow-through units at a price of CAD 0.17 per unit for the total gross proceeds of CAD 10,000,000 on October 30, 2023. Each national flow through unit and charity FT unit will consist of one common share of the company to be issued as a ?flow-through share? and one half of one warrant.

Each warrant exercisable at a per share price of CAD 0.23 until the second anniversary of the closing date of the offering. The securities issued to subscribers in the offering will be subject to a hold period of four months and one day pursuant to applicable Canadian securities laws. The offering is subject to acceptance by the TSX Venture Exchange.

The transaction is expected to close on November 15, 2023. The transaction will include participation from returning investor, BHP Investments Canada Inc.