VANCOUVER, Dec. 6, 2013 /PRNewswire/ - Brazil Resources Inc.
(the "Company") (TSX-V: BRI; OTCQX: BRIZF) announced today that, as
previously announced on September 30,
2013 and following the completion of its acquisition of
Brazilian Gold Corporation ("BGC"), it has issued an aggregate of
243,974 common shares of the Company at a deemed price of
$0.78 per share, to certain former
senior officers, directors and consultants of BGC in full and final
satisfaction of deferred compensation and directors fees amounting
to approximately $190,000.
Pursuant to the terms of the underlying
agreements, the issued shares are subject to lock-up agreements
that provide for hold periods as disclosed in Brazil Resources' press release dated
September 30, 2013.
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, 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.
Brazil Resources Inc.
Stephen Swatton, Chief Executive
Officer
Patrick Obara, Chief Financial
Officer
Telephone: (855) 630-1001
SOURCE Brazil Resources Inc.