CALGARY, June 27, 2012 /CNW/ - Brixton Energy Corp. ("Brixton") is pleased to announce the following corporate update. Brixton is in negotiations to farm in on mineral rights on 300,000 plus acres in Eastern Canada. In 2009 the mineral rights owner successfully shot 7 2D seismic lines for a total of 64 kilometres and has completed interpretation of the information gathered.
Multiple drill targets at multiple depths have been picked and are scheduled for drilling by the mineral right holder and the first drill license has been granted. Brixton's management will conclude its due diligence review upon the viewing of the final presentation which will take place in Calgary next week. Negotiations for the initial drill program will also be completed at this time.
The Company will issue a market news update once this deal is completed.
On Behalf of Brixton Energy Corp.
Mr. Matthew Dodwell
Mr. Matthew Dodwell, Director
We seek Safe Harbor
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
please contact Cors Group at 1-888-631-4838 or Richard Saxon at 604-269-0006 or [email protected].