BRX TSX.V
CALGARY, Nov. 15 /CNW/ - (TSX.V:BRX) Brixton Energy Corp. ("Brixton") would like to announce a private placement for up to $800,000.00 at $0.10 per unit. Each unit shall consist of one common share and one-half of one share purchase warrant, with each whole share purchase warrant entitling the holder thereof to acquire one common share at a price of 15 cents for a period of one year following closing.
The company intends to use the net proceeds from the financing to fulfill ERCB requirements, put Panny well back into production, continued development of the Gage property, such as testing zones of interest in the current test wells for future horizontal target drill and for general corporate purposes.
Finders' fees may be payable in whole or in part on the units issued under the financing, in accordance with TSX Venture Exchange policy.
On Behalf of Brixton Energy Corp.
"Miroslava Antonuk"
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Miroslava Antonuk, Director
We seek Safe Harbor
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
Richard Saxon 604-269-0006
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