BRAZIL RESOURCES INC. ("BRI") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 2, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 16, 2013, December 23, 2013 and December 31, 2013:
Number of Shares: 11,650,620 shares
Purchase Price: $0.55 per share
Warrants: 11,650,620 share purchase warrants to purchase 11,650,620 shares
Warrant Exercise Price: $0.75 for a five year period
Number of Placees: 91 placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares KCR, LLC (Garret Olivier Pascal) Y 1,000,000 KCO, LLC (Garret Olivier Pascal) Y 1,000,000 Amir Adnani Corp. (Amir Adnani) Y 550,000 Stephen Swatton Y 187,272 David Kong Y 100,000 Gloria Ballesta Y 1,000 Xemex Investment Ltd. (Mario Garnero) Y 480,000
Finder's Fee: $56,000 cash payable to Javelin Management Corp. (Darin Milmeister) $137,522 cash payable to Hard Rock Investment Holdings Inc. (Marin Katusa) $17,518 cash payable to Milestone Media AG (Christian Klingebiel) $385 cash payable to Wolverton Securities Ltd. $15,050 cash payable to H.C. Wainwright & Company, LLC $5,286 cash payable to Haywood Securities Inc.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. ________________________________________
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