VANCOUVER, April 1, 2016 /CNW/ - Brazil Resources Inc. (the "Company" or "Brazil Resources") (TSX-V: BRI; OTCQX: BRIZF) announced today that it has granted incentive stock options to purchase 1,570,000 common shares of the Company (the "Options") to certain directors, officers, employees and consultants of the Company. The Options have an exercise price of $0.73 per common share, representing the closing market price of the Company's common shares on April 1, 2016 and are valid for a period of five years with 25% vesting each 3 months over a twelve-month period.
The Option grants are subject to the acceptance of the TSX Venture Exchange.
About Brazil Resources Inc.
Brazil Resources Inc. is a public mineral exploration company with a focus on the acquisition, exploration and development of projects in Brazil, United States, Canada and other regions of the Americas. Brazil Resources is advancing its Whistler Gold-Copper Project, located in Alaska, United States, its Cachoeira and São Jorge Gold Projects, located in the State of Pará, northeastern Brazil, and its Rea Uranium Project, located in the western Athabasca Basin in northeast Alberta, Canada.
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.
SOURCE Brazil Resources Inc.
For further information: Brazil Resources Inc., Amir Adnani, Chairman, Patrick Obara, Chief Financial Officer, Telephone: (855) 630-1001