CONCORD, NH, Aug. 24 /CNW/ - Brazilian Resources, Inc. ("Brazilian"
or the "Company") has completed a Cdn$712,400 (approximately US$685,000)
non-brokered private placement (the "Offering") from a limited number of
accredited investors. The funds will be used for working capital.
The Offering consisted of 1,370,000 units at a price of Cdn$0.52 per
unit. Each unit consisted of one common share and one-half purchase
warrant, each whole warrant entitling the holder to purchase an
additional common share at Cdn$0.57 for a period of three years from the
date of issuance. Under Canadian law, the units and their underlying
securities are subject to a four month hold period expiring on December
About Brazilian Resources, Inc. - Brazilian is a company with
ownership interests in agricultural mining and food irradiation
industries in Brazil. Corporate offices are located in Concord, New
Hampshire, USA. The Company is a U.S. company and a reporting issuer in
the Provinces of Alberta, British Columbia and Ontario, Canada.
Further information about the Company is available on System for
Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com
and on its website www.brazilianresources.com
SOURCE BRAZILIAN RESOURCES, INC.
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