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Brazil Resources Inc.

03:32 PM EST - Brazil Resources Inc. : announced that due to strong demand it has increased the size of its previously announced non-brokered private placement of units of the Company at $0.55 per Unit from aggregate gross proceeds of $5,000,000 to aggregate gross proceeds of up to $5,500,000 or 10,000,000 Units. Brazil Resources Inc. shares V.BRI are trading down $0.015 at $0.48.