Brixton MetalsCorp. said April 8 that it entered into purchase agreements withtwo landowners near its recentlyacquired Langissilver property in Ontario to further consolidate its land position.
The company will issue 250,000 shares.
In the same announcement, the company also said it completedthe first tranche of a previouslyannounced private placement, raising gross proceeds of just overC$1 million.
The offering will remain open until April 29, under the sameterms, including overallotment for a combined total amount of C$1.2 million,unless the board increases its size again.
Proceeds will be used to fund exploration at the company'sLangis and Thorn project, as well as general expenses.