VANCOUVER, May 2, 2014 /CNW/ - Brazil Resources Inc. (the "Company" or "Brazil Resources") (TSX-V: BRI; OTCQX: BRIZF) is pleased to announce that its previously issued warrants (the "Warrants") will commence trading on the TSX Venture Exchange (the "TSX-V") on May 5, 2014 under the symbol "BRI.WT".
The Warrants were issued on December 31, 2013 as part of the Company's private placement of 11,650,620 units, and each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.75 per share for a period of sixty months from December 31, 2013 (subject to acceleration in certain circumstances if the Warrants are no longer listed on the TSX-V).
Current holders of Warrants wishing to trade their Warrants through the facilities of the TSX-V should contact their registered investment dealer for instructions on how to deposit physical certificates representing the Warrants for trading. The CUSIP for the Warrants is 105865117.
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.
Forward Looking Statements
This document contains certain forward-looking statements that reflect the current views and/or expectations of Brazil Resources with respect to its business and future events, including the development of an active market for trading the Warrants. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which Brazil Resources operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the uncertainties respecting historical resource estimates, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with Brazil Resources' expectations, accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, commodity price fluctuations, regulatory restrictions, including environmental regulatory restrictions, or any failure to integrate acquired companies and projects into the Company's existing business as planned. These risks, as well as others, including those set forth in Brazil Resources' filings with Canadian securities regulators, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. Brazil Resources does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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., Stephen Swatton, Chief Executive Officer, Patrick Obara, Chief Financial Officer, Telephone: (855) 630-1001