BRAZIL RESOURCES I NC. ("BRI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 28, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 28, 2016, October 31, 2016, November 8, 2016, November 14, 2016 and November 15, 2016:
Number of Shares: 4,957,258 shares
Purchase Price: $2.50 per share
Warrants: 2,478,629 share purchase warrants to purchase 2,478,629 shares
Warrant Exercise Price: $3.50 for a three year period
Number of Placees: 214 Placees
Finder's Fee: Haywood Securities Inc. will receive a finder's fee of $30,000.00.
Sprott Global Resource Investments ltd. will receive a finder's fee of $39,555.00
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued news releases announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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