VANCOUVER, Feb. 6, 2015 /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 1,410,000 common shares of the Company (the "Options") to certain directors, officers, employees and consultants of the Company. The Options have an exercise price of $0.71 per common share, representing the market price for the common shares on February 6, 2015, are valid for a period of five years. 342,500 Options will vest immediately, with the balance vesting over an 18-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 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.
SOURCE Brazil Resources Inc.
For further information: Brazil Resources Inc., Amir Adnani, Chairman, Patrick Obara, Chief Financial Officer, Telephone: (855) 630-1001