Brazil Resources Inc.
Brazil Resources Inc.: Brazilian Gold Shareholders Approve Arrangement with Brazil Resources
Brazil Resources Inc. / Key word(s): Miscellaneous Brazilian Gold Shareholders Approve Arrangement with Brazil Resources FOR IMMEDIATE RELEASE Vancouver, British Columbia – November 20, 2013 – Brazil Resources Inc. (‘Brazil Resources’) (TSX-V: BRI; OTCQX: BRIZF) and Brazilian Gold Corporation (‘BGC’) (TSX-V: BGC) are pleased to jointly announce that at a special meeting of shareholders of BGC held earlier today (the ‘Meeting’), BGC shareholders voted in favour of the proposed transaction pursuant to which Brazil Resources will acquire all of the issued and outstanding common shares of BGC by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the ‘Arrangement’). Over 94% of the shares voted at the Meeting were voted in favour of the special resolution approving the Arrangement. BGC’s application to the Supreme Court of British Columbia to obtain the final order approving the Arrangement is currently scheduled for Thursday, November 21, 2013. If court approval is obtained and all other conditions precedent to the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or about November 22, 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, Montes Áureos and Trinta Gold Projects located in the Gurupi Gold Belt in northeastern-Brazil, and its Artulandia Copper-Gold Project in central Brazil. About Brazilian Gold Corporation BGC is a Canadian-based public company with a focus on the acquisition, exploration and development of gold properties located in northern Brazil. BGC has title to one of the largest mineral exploration land packages (3,753 km2) in the Tapajós and adjacent Alta Floresta gold provinces. The land package contains green fields to more advance stage projects including BGC’s flagship São Jorge project. Rapid improvements to regional infrastructure continue to provide underlying support to Brazilian Gold’s activities in northern Brazil. For additional information, please contact: Brazil Resources Inc. Forward Looking Statements 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. End of Corporate News 21.11.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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