Business News • MarketWire • Evanachan Limited Files Early Warning Report in Connection With Private Placement in Brixton Metals Corporation |
Evanachan Limited Files Early Warning Report in Connection With Private Placement in Brixton Metals Corporation |
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Evanachan Limited Files Early Warning Report in Connection With Private Placement in Brixton Metals Corporation
TORONTO, ONTARIO--(Marketwired - Oct. 11, 2013) - Evanachan Limited ("Evanachan") has subscribed, by way of a private placement, for ten million (10,000,000) units (the "Units") of Brixton Metals Corporation ("Brixton Metals") at a price of $0.10 per Unit for an aggregate amount of $1,000,000. Each Unit consists of one (1) common share and one (1) transferable common share purchase warrant (the "Transaction"). Each common share purchase warrant entitles Evanachan to purchase one (1) additional common share in Brixton Metals at a price of $0.15 for a period of 24 months from the date of closing, which took place today, October 11, 2013. The common shares and common share purchase warrants purchased pursuant to the Transaction represent ownership of approximately 8.9% (10.2% before giving effect to the Transaction) of the issued and outstanding shares of Brixton Metals post closing (or approximately 16.35% assuming the exercise of the warrants comprising the Units only).
View More : http://www.marketwired.com/mw/release.do?id=1840467&sourceType=3
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