This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Brazil Gold Completes Amazonia Acquisition

SEATTLE, June 2 /PRNewswire-FirstCall/ -- Brazil Gold Corp. (OTC Bulletin Board: BRZG) ("Brazil Gold" or the "Company") is pleased to announce that it has closed on the acquisition of Amazonia Capital e Partipacoes Ltda. ("Amazonia") of Brazil. The transaction gives Brazil Gold ownership rights to 99% of Amazonia, the owner of the exclusive rights to explore an extensive 2.1 million acre land package of mineral rights in the Amazon Basin region of Brazil.

Phillip Jennings, VP and Director of Brazil Gold stated, "The process was lengthy but well worth it.  The Company knew it was acquiring an extraordinary asset in one of the hottest mineral plays on the planet. In addition, the acquisition brings into Brazil Gold a world-class, experienced exploration team, with almost a decade of successful exploration operations in the Amazon."

Brazil Gold acquired its ownership in an agreement with Rusheen Handels AG, a Swiss corporation, which owned 99% of all of the issued and outstanding share capital of Amazonia, a Brazilian corporation. Rusheen receives 44 million shares of the Company's common stock. Prior to the closing of this agreement to acquire Amazonia, the Company cancelled 44 million of its restricted shares, which were returned to treasury.

With the transaction, Brazil Gold will be the owner of approximately 2,125,000 acres of mineral claims located in three states in the prolific Tapajos Greenstone Belt in the Amazon Basin. This area encompasses a total of 102 mining claims in the three western states of Amazonas, Mato Grosso, and Rodonia. The primary mineral target is gold, however copper, nickel, iron ore, manganese and cassiterite (tin) are also found in the area. Most of Brazil Gold's properties are near existing roads and rivers which have access to international ports, as well as to small mining and farming communities, thereby giving the Company access to fuel, energy and manpower - conditions which are suitable for low-cost bulk tonnage mining.

Amazonia's prospecting and exploration team selected the tenured areas for exploration because of the numerous producing or previously producing gold mines on the lands which have been operated by local indigenous hand miners, known as garimpeiros.

"The Brazil Gold team is excited to complete this acquisition. After months of due diligence and auditing procedures, we can now concentrate the Company's energy on the exploration initiatives, already underway in some locations, and take advantage of a very propitious time for gold exploration activity," added Mr. Jennings.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BRZG $0.03 -5.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs