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Luna Gold Corp
TSX-V
LGC.V
2.04 CA$
112.50%
Brazil Resources Inc. Completes Acquisition of the Cachoeira Project from Luna Gold Corp. and Report
On September 25 2012
Brazil Resources Inc. Completes Acquisition of the Cachoeira Project from Luna Gold Corp. and Reports NI 43-101 Resource Estimate
VANCOUVER, Sept. 25, 2012 /CNW/ -
Brazil Resources Inc.
(the "Company" or "Brazil Resources") (TSX-V: BRI) (OTCQX: BRIZF) is pleased to announce that, further to its news release dated July 11, 2012, the Company has completed the acquisition of a 100% interest of the Cachoeira gold project (the "Cachoeira Project"), located in Par� State, Brazil, from Luna Gold Corp. ("Luna"). The transaction was completed under the terms of the previously announced share purchase agreement dated July 10, 2012 between Brazil Resources and Luna (the "Agreement"), pursuant to which Brazil Resources has acquired all of the issued and outstanding shares of Luna Gold (International) Corp., a wholly-owned subsidiary of Luna, which owns an indirect 100% interest in the Cachoeira Project.
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Highlights
�
Experienced and proven management team with superior access to capital.
� Project portfolio strategically located in the Gurupi Gold Belt, a gold belt undergoing
exploration and development by companies such as Kinross Gold and Luna Gold Corp.
� Financially sound with over $9M in cash, no debt and only 40M shares outstanding.
� A continued focus on acquiring a portfolio of advanced projects with proven resources.
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About Brazil Resources
An Accomplished Management Team Focused on Gold in Brazil
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