Brixton Metals Announces Closing of the Strategic Investment from Hecla and its 100% Thorn Acquisition

Brixton Metals Announces Closing of the Strategic Investment from Hecla and 
its 100% Thorn Acquisition 
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE 
SERVICES/ 
VANCOUVER, Feb. 26, 2013 /CNW/ - Brixton Metals Corporation (TSXV: BBB) (the 
"Company" or "Brixton") is pleased to announce that, further to the Company's 
news releases of February 1, 2013 and February 21, 2013, it has completed its 
acquisition of 100% interest in the Thorn property (the "Thorn Property") from 
Rimfire Minerals Corporation (the "Acquisition"), a subsidiary of Kiska Metals 
Corporation, and has closed its equity financing pursuant to which a 
wholly-owned subsidiary of Hecla Mining Company ("Hecla") acquired 17,250,000 
common shares of the Company (the "Shares") at a price of $0.15 per share for 
total gross proceeds of $2,587,500 (the "Financing"). 
Mr. Gary R. Thompson, Chairman and CEO stated, "We are delighted to have 
completed these two significant milestones and look forward to the 2013 
exploration season, where we anticipate another successful year at the Thorn 
project." 
Pursuant to the terms of an ancillary rights agreement, Hecla has been granted 
various rights, exercisable for so long as Hecla holds at least a 10.0% 
interest in Brixton (calculated in accordance with that agreement). These 
rights include: (a) a right to nominate one person to Brixton's Board of 
Directors, (b) a right to nominate one person to a technical committee, to be 
established to design and execute the Company's exploration programs at the 
Thorn Property, and (c) a pre-emptive right to participate in any future 
proposed equity offering of Brixton in order to maintain its pro rata interest 
at 19.8%. Pursuant to the terms of the ancillary rights agreement, Hecla has 
also agreed to a voting agreement whereby Hecla will vote all Shares held by 
it in favour of management's proposals on matters of routine business for a 
period of 12 months from the closing date of the Financing. 
All securities issued in the Financing will be subject to a statutory four 
month and one day hold period. Proceeds from this Financing were used to 
complete the Acquisition and the remaining balance will be used for further 
exploration at the Thorn Property during the upcoming field season and general 
corporate and administrative purposes. The shares issued to Kiska are escrowed 
over a 12 month period. Kiska will receive $1,500,000 in cash and 7,000,000 
Brixton shares in exchange for 100% of the Thorn project subject to underlying 
royalties. 
About Brixton Metals Corporation 
Brixton is an exploration company engaged in the acquisition and exploration 
of precious metal assets and advancing them to feasibility. The 100 percent 
owned Thorn Property is Brixton's flagship property and is centered on high 
grade silver-gold-lead-zinc-bearing diatreme-breccia zones, high-grade veins 
and porphyry targets. The Thorn Property is located in northwestern British 
Columbia, Canada, about 40 km from Chieftain's Tulsequah mine development. 
Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol 
BBB. 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 
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. 
 Mr. Gary R. Thompson, Chairman and CEO, Tel: 604-630-9707 
SOURCE: Brixton Metals Corporation 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/26/c8641.html 
CO: Brixton Metals Corporation
ST: British Columbia
NI: MNG MNA  
-0- Feb/26/2013 22:50 GMT
 
 
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