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BrazAlta Resources Corp.

10:28 AM EST - BrazAlta Resources Corp. : announced that it has entered into an arm's length binding letter of intent for the acquisition of the entire issued and outstanding common shares and warrants of Canacol Energy Inc. The Transaction will be satisfied by the issuance of 60 million preferred shares of BrazAlta. BrazAlta Resources Corp. shares V.BRX are trading unchanged at $0.76.