Brazil Resources is pleased to announce that, effective immediately, it has appointed Ovidio Antonio de Angelis to the Company's Advisory Board. On Mr. de Angelis' appointment, Amir Adnani, Chairman, stated, “Ovidio's leadership experience in the many levels of Brazil's government, including the mining state of Goias, brings much needed understanding and valuable relations to the Company.“ Ovidio Antonio de Angelis served [...]
KCR, LLC has acquired, through the facilities of the TSX Venture Exchange, 525,000 common shares of Brazil Resources Inc., representing approximately 1.5% of the outstanding BRI Shares, at an average price of $1.15 per BRI Share. As a result, KCR, LLC now has ownership and control over a total of 5,625,000 BRI Shares, representing approximately 16.05% of the outstanding BRI Shares.
Brazil Resources is pleased to announce that it has commenced trading on the TSX Venture Exchange. With $8,000,000 cash on hand and no debt, the Company has started a work program on its Montes Áureos gold project in the State of Maranhão, Brazil, and is assessing other projects of merit in Brazil and elsewhere in South America.
Brazil Resources is pleased to announce that it has completed its initial public offering of 3,800,000 common shares at a price of $0.65 per BRI Share for gross proceeds of $2,470,000. The TSX Venture Exchange has approved the listing of the BRI Shares and has advised the Company that the BRI Shares will commence trading on the TSX-V on May 16, 2011 under the symbol "BRI".
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