Brixton closes $3.99M second tranche of placement

Executive Summary

• Brixton Metals Corp. closed the second tranche of its non-brokered private placement on December 11, 2025, raising nearly $4 million in gross proceeds.
• The offering consisted of 250,000 flow-through units and approximately 56.8 million non-flow-through units, with specific use of proceeds allocated to Canadian exploration/mining expenses and general corporate purposes.
• The transaction included the issuance of non-transferable warrants exercisable at 10 cents per share until December 11, 2028, and involved finder's fees paid in cash and additional warrants.

Key Details

• Closing Date: December 11, 2025.
• Total Gross Proceeds: $3,997,924.79.
• Flow-Through Units (FT):
  • Quantity: 250,000 units.
  • Price: $0.08 per unit.
  • Composition: One national flow-through share and one non-transferable warrant per unit.
  • Use of Proceeds: Canadian exploration expenses and flow-through mining expenditures as defined in the Income Tax Act (Canada).
  • Hold Period: Until April 12, 2026.
• Non-Flow-Through Units (NFT):
  • Quantity: 56,827,497 units.
  • Price: $0.07 per unit.
  • Composition: One common share and one non-transferable warrant per unit.
  • Use of Proceeds: General corporate purposes.
  • Hold Period: None (issued pursuant to listed issuer financing exemption under National Instrument 45-106).
• Warrant Terms:
  • Each unit (FT and NFT) includes one non-transferable warrant.
  • Exercise Price: $0.10 per share.
  • Expiration Date: December 11, 2028.
• Finder's Fees:
  • Cash: $1,200.
  • Warrants: 3,364,649 non-transferable warrants to purchase common shares at $0.10 per share, expiring December 11, 2028.
  • Recipients: Arm's-length persons who introduced the company to subscribers.