Zimtu Capital Corp. Acquires Securities of Brixton Metals Corp.

Zimtu Capital Corp. (TSXV:ZC) reports that it has acquired securities of Brixton Metals Corp. (TSXV: BBB).

The press release is quoted as saying:

Zimtu’s 985,000 common shares of Brixton is equal to 5% of Brixton’s issued and outstanding share capital of 21,147,778.  Zimtu owned 277,778 common shares of Brixton Metals Corp. (“PrivateCo”) which have been exchanged on the basis of 1.8 Marksmen (“PubCo”) shares for every one PrivateCo share held.  The Company also purchased 200,000 Units of Brixton at a price of $0.25 per Unit as part of the concurrent financing and QT. Each Unit consisted of one common share and one share purchase warrant (the “Warrants”).  Each Warrant is exercisable into one common share of Brixton at $0.40 for a period of 24 months from closing. 

Click here to access the entire news release.

Click here to access Zimtu’s company profile.