VANCOUVER, May 8, 2013 /CNW/ - Brazil Resources Inc. (the "Company") (TSX-V: BRI; OTCQX: BRIZF) announced today that it has granted incentive stock options to purchase 25,000 common shares of the Company (the "Options") to its previously appointed investor relations provider. The Options have an exercise price of $0.95 per common share, representing the market price for the common shares on May 8, 2013, are valid for a period of five years and will vest over a period of eighteen months.
The Option grant is subject to the acceptance of the TSX Venture Exchange.
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, the Company is advancing its Cachoeira, Montes Áureos, Trinta and Maua Gold Projects located in the Gurupi Gold Belt in the state of Maranhão, northeastern Brazil, and its Artulandia Copper-Gold Project in central 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:
Stephen Swatton or Patrick Obara
Telephone: (855) 630-1001