VANCOUVER, Dec. 6, 2013 /CNW/ - Brazil Resources Inc. (the "Company") (TSX-V: BRI; OTCQX: BRIZF) announced today that, as previously announced on September 30, 2013 and following the completion of its acquisition of Brazilian Gold Corp. ("BGC"), it has issued an aggregate of 243,974 common shares of the Company at a deemed price of $0.78 per share, to certain former senior officers, directors and consultants of BGC in full and final satisfaction of deferred compensation and directors fees amounting to approximately $190,000.
Pursuant to the terms of the underlying agreements, the issued shares are subject to lock-up agreements that provide for hold periods as disclosed in Brazil Resources' press release dated September 30, 2013.
About Brazil Resources Inc.
Brazil Resources is a public mineral exploration company with a focus on the acquisition and development of projects in emerging producing gold districts in Brazil, Paraguay and other parts of South America. Currently, Brazil Resources is advancing its Cachoeira and São Jorge Gold Projects located in the State of Pará, northeastern Brazil.
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 news release.
Brazil Resources Inc. Stephen Swatton, Chief Executive Officer Patrick Obara, Chief Financial Officer
Contact
Brazil Resources Inc. Stephen Swatton, Chief Executive Officer Patrick Obara, Chief Financial Officer Telephone: (855) 630-1001
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
VANCOUVER, Dec. 6, 2013 /CNW/ - Brazil Resources Inc. (the "Company") (TSX-V: BRI; OTCQX: BRIZF) announced today that, as previously announced on September 30, 2013 and following the completion of its acquisition of Brazilian Gold Corp. ("BGC"), it has issued an aggregate of 243,974 common shares of the Company at a deemed price of $0.78 per share, to certain former senior officers, directors and consultants of BGC in full and final satisfaction of deferred compensation and directors fees amounting to approximately $190,000.
