KCR LLC acquires shares of Brazil Resources Inc
19.05.2011 | CNW
VANCOUVER, May 19 - KCR, LLC has acquired, through the facilities of the TSX Venture Exchange, 525,000 common shares (the "BRI Shares") of Brazil Resources Inc. (TSXV:BRI), representing approximately 1.5% of the outstanding BRI Shares, at an average price of $1.15 per BRI Share. As a result, KCR, LLC now has ownership and control over a total of 5,625,000 BRI Shares, representing approximately 16.05% of the outstanding BRI Shares. The BRI Shares were acquired for investment purposes and KCR, LLC may increase or decrease its beneficial ownership or control depending on market or other conditions.
An Early Warning Report will be filed with the British Columbia Securities Commission in respect of the acquisition and is available at www.sedar.com.
For further information:
KCR, LLC
Seestrasse 62
CH-8806 Bäch, Switzerland
(802) 253 - 3731