Brixton Metals Announces DTC Eligibility of its Common Shares

Rhea-AI Summary

Brixton Metals Corporation (BBBXF) has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. This development is expected to enhance liquidity and simplify the trading process for both existing and potential investors. DTC eligibility allows for faster execution speeds, opening opportunities for new investors previously restricted from purchasing shares. Brixton is focused on advancing its mining projects, including the Thorn and Hog Heaven projects.

Positive

• DTC eligibility is expected to enhance liquidity for BBBXF shares.
• Existing investors may experience faster execution speeds.
• New investors can now more easily purchase BBBXF shares.

Negative

• None.

VANCOUVER, British Columbia, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible". DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States.

Existing investors benefit from potentially greater liquidity and faster execution speeds. This also opens the door to new investors that may have been previously restricted from purchasing the Company’s common shares and simplifies the process of trading them in the United States.

About Brixton Metals Corporation

Brixton is a Canadian exploration and development company focused on the advancement of its mining projects toward feasibility. Brixton wholly owns four exploration projects: the Thorn copper-gold-silver Project, the Atlin Goldfields Projects located in NW BC, the Langis-Hudbay silver-cobalt Project in Ontario and the Hog Heaven silver-gold-copper Project in NW Montana, USA, under an Option Agreement to Ivanhoe Electric Inc. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr. Gary R. Thompson, Chairman and CEO
Tel: 604-630-9707 or email: info@brixtonmetals.com

For Investor Relations, please contact:

Mitchell Smith, VP Investor Relations
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

FAQ

What is the significance of Brixton Metals Corporation's DTC eligibility?

Brixton Metals Corporation's DTC eligibility simplifies the trading process and is expected to increase liquidity for its shares in the U.S. market.

How will DTC eligibility affect existing investors of BBBXF?

Existing investors may benefit from potentially greater liquidity and faster execution speeds due to DTC eligibility.

What is the stock symbol for Brixton Metals Corporation?

Brixton Metals Corporation trades under the ticker symbol BBBXF on the OTCQB.

What are the main projects of Brixton Metals Corporation?

Brixton Metals Corporation is focused on projects like the Thorn copper-gold-silver Project and the Hog Heaven silver-gold-copper Project.

When was the DTC eligibility announcement made?

The DTC eligibility announcement was made on February 7, 2022.