Brixton Metals Closes Tranche 2 Of Its Private Placement

Core Viewpoint - Brixton Metals Corporation has successfully completed the second tranche of a non-brokered private placement, raising a total of approximately $3.998 million [1][2]. Group 1: Offering Details - The Offering included 250,000 National Flow-Through Units priced at $0.08 each and 56,827,497 Non-Flow-Through Units priced at $0.07 each, resulting in total gross proceeds of $3,997,924.79 [2]. - Each FT Unit and NFT Unit consists of a National Flow-Through Share and a Common Share, respectively, along with one non-transferable warrant that allows the holder to purchase an additional Common Share at $0.10 until December 11, 2028 [3]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated to incur "Canadian exploration expenses" and "flow through mining expenditures" as defined in the Income Tax Act (Canada), while proceeds from the NFT Units will be used for general corporate purposes [4]. Group 3: Securities and Regulations - The securities issued for the NFT Units are not subject to a hold period due to the offering being completed under the Listed Issuer Financing Exemption [5]. - A finder's fee of $1,200 in cash and 3,364,649 non-transferable warrants was paid to individuals who introduced subscribers to the Offering [6].