SOURCE: InvestmentPitch

December 08, 2010 19:28 ET

InvestmentPitch.com Video News Alert for Brixton Metals (BBB - TSX.V) - Brixton Metals and Marksmen Capital Complete Qualifying Transaction

VANCOUVER, BC--(Marketwire - December 8, 2010) - InvestmentPitch.com's video news alert discusses Brixton Metals, one of the latest new listings on the TSX Venture Exchange.

Vancouver-based Brixton Metals, has commenced trading on the TSX Venture, under the symbol BBB, after completing its qualifying transaction with former capital pool company, Marksmen Capital Inc.

Brixton also completed a private placement of a total of 2,743,000 units at $0.25 per unit, (consisting of one common share and one warrant) and 1.387,000 flow-through units at a price of $0.30 per flow-through unit (consisting on one flow-through share and one half of one warrant) for total gross proceeds to the Company of approximately $1,101,850. Each whole warrant is exercisable to acquire one common share of Brixton for a period of 24 months at an exercise price of $0.40 per Brixton share. The securities bear a four month hold period. At the closing, Brixton had 21,147,778 shares issued and outstanding.

Brixton is engaged in the acquisition and exploration of precious metals assets, and already has two properties in its portfolio: Thorn (BC), and its flagship property, Kahilt (Alaska). Kahilt is a large, 100% owned land position in an under-explored district with the potential to host world class ore bodies.

To view this complete news release, please visit Brixton's website at www.brixtonmetals.com or contact Mac Bell at 604-630-9707 or email at IR@brixtonmentals.com

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: InvestmentPitch via Thomson Reuters ONE

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