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Brazil Resources Inc.

09:53 AM EST - Brazil Resources Inc. : announced that it has raised an additional $387,000 pursuant to subscriptions for a further 703,636 units under its previously announced non-brokered private placement of Units of the Company at a subscription price of $0.55 per Unit. The additional subscriptions bring the total aggregate amount of the Private Placement to approximately $4.46 million for an aggregate of 8,103,506 Units issued. Brazil Resources Inc. shares V.BRI are trading unchanged at $0.54.