Brief: Brazil Resources increases size of private placement to $3.7 mln

GoldMining

29/02/2016 13:30

Feb 29 (Reuters) - Brazil Resources Inc  BRI.V : 
 * Increases size of private placement to $3.7 million, announces closing of 
   initial tranche of $3.4 million 
 * Says has further increased size of its previously announced private placement 
   from aggregate gross proceeds of $2 million to $3.7 million 
 * Says to issue 8.2 million common shares at a subscription price of $0.45 per 
   share 
 
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