Brazauro to Raise $8,325,000.HOUSTON -- Brazauro Resources Corporation has arranged a private placement of up to 9,250,000 units at $0.90 per unit. Each unit will consist of one share and one-half of one share purchase warrant. Each whole warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to purchase one additional share of Brazauro at $1.60 per share for a period of one year. A finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. of 7% to a maximum of $337,750 in cash and a referral fee of 1% to a maximum of $35,000 will be payable to Ocean Equities Ltd. ("Ocean") of London, for assistance in sourcing and referring a portion of the total amount being raised. The proceeds from the private placement will be used to continue the Company's drilling and exploration program at its Tocantinzinho and other projects in the Tapajos region of Brazil. Mark E. Jones III, President of Brazauro said, "This financing will enable us to keep the drills working full time on the Tocantinzinho project to increase our resource and to conduct additional drilling and exploration on the anomalous areas surrounding it. We anticipate a very busy period over the next year." This private placement is subject to acceptance by the securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . This placement is not available to US Persons and is not an offering of securities in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . Mark E. Jones, III Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Brazauro Resources Corporation The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The news release includes certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , exploration results and future plans and objectives of Brazauro Resources are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Brazauro's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. |
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