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Brazil Resources to Acquire the Titiribi Gold-copper Project from NovaCopper
Brazil Resources to Acquire the Titiribi Gold-copper Project from NovaCopper Brazi...
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[{"type":"text","content":"\n\n\n\nBrazil Resources to Acquire the Titiribi Gold-copper Project from NovaCopper\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBrazil Resources to Acquire the Titiribi Gold-copper Project from NovaCopper\nCanada NewsWire\nVANCOUVER, Aug. 18, 2016\n\n\n\nHighlights:\n\n\nBrazil Resources to acquire a 100% interest in the Titiribi Gold-Copper Project in central Colombia; \nThe Project hosts several styles of mineralization including gold-copper porphyry and associated epithermal gold mineralization in nine zones identified to date; \nApproximately 144,779 metres of diamond drilling in 270 holes have been completed historically on the Project; \nNearby gold projects in development or in production include Red Eagle's San Ramon, B2 Gold's Gramalote, Continental Gold's Buritica, and Gran Colombia's Marmato projects; \nTotal consideration of 5,000,000 common shares and 1,000,000 share purchase warrants of Brazil Resources with the common shares being issued at closing representing less than 4.6 % dilution to shareholders of Brazil Resources; and \nThe transaction represents a significant milestone in Brazil Resourcesꞌ strategy of targeted acquisitions.\n\n\n\nVANCOUVER, Aug. 18, 2016 /CNW/ - Brazil Resources Inc. (\"Brazil Resources\") (TSX-V: BRI; OTCQX: BRIZF) is pleased to announce that it has entered into a share purchase agreement (the \"Agreement\") with NovaCopper Inc. (\"NovaCopper\"), pursuant to which it will acquire Sunward Investments Limited (\"Sunward\"), a subsidiary of NovaCopper which owns 100% of the Titiribi Gold-Copper Project (the \"Project\") located in Colombia.\n\nAmir Adnani, Chairman of Brazil Resources, commented: \"We are very pleased to have come to an agreement with NovaCopper to acquire such a large-scale gold project in the Americas, which further expands our growing asset base. With the acquisition of Titiribi, we take a major step towards realizing our vision of consolidating quality gold assets and maximizing gold leverage for our shareholders. We look forward to welcoming NovaCopper as a new shareholder of Brazil Resources.\" \n...