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Brixton Metals Adds Lands At Its LANGIS SILVER Project and Provides Corporate Update
May. 25, 2016 02:36PM PST
Gold InvestingBrixton Metals Corporation (TSXV:BBB) announced it has entered into a purchase and sale agreement to acquire a 100% interest in the claims near its past producing Langis Silver mine.
Brixton Metals Corporation (TSXV:BBB) announced it has entered into a purchase and sale agreement to acquire a 100% interest in the claims near its past producing Langis Silver mine. Brixton will issue 10,000 common shares of the Company and make a cash payment of $3,000 to acquire the Property, subject to a 2% net smelter royalty (“NSR”). Brixton holds the option to purchase the NSR at $250,000 per 0.5%. In addition Brixton has staked 461 hectares of mineral claims in the area which are subject to approval by the Ministry of Northern Development and Mines of Ontario. Brixton’s lands in the Langis and Cobalt camp now total 3,276 hectares.
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