CONCORD, NH, Aug. 18 /CNW/ - Brazilian Resources, Inc. ("Brazilian" or the "Company") purchased an additional ten percent interest in Petrocal Indústria e Comércio de Cal S.A. ("Petrocal"), the owner of limestone concessions in the state of Mato Grosso, Brazil, for R$846,154 (approximately US$480,000).
Brazilian owns 56.4 percent of Petrocal through its 70.5 percent ownership of BrasAgro Minerals Fertilizers, Inc., which owns 80 percent of Petrocal. The additional ten percent of Petrocal that Brazilian holds directly gives the Company a total interest in Petrocal of 66.4 percent.
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.
For further information: For further information: Robert J. Lloyd, President and CEO, 603-224-4800, email@example.com; Jeffrey C. Kirchhoff, Treasurer and CFO, 603-224-4800, firstname.lastname@example.org