DGAP-News: Brazil Resources Inc. Welcomes Ovidio Antonio de Angelis to its Advisory Board
(firmenpresse) - DGAP-News: Brazil Resources Inc. / Key word(s): Change of Personnel
Brazil Resources Inc. Welcomes Ovidio Antonio de Angelis to its
Advisory Board
31.05.2011 / 14:30
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Vancouver, British Columbia - Brazil Resources Inc. (the 'Company') (TSX-V:
BRI) (Frankfurt: BSR) is pleased to announce that, effective immediately,
it has appointed Ovidio Antonio de Angelis to the Company's Advisory Board.
On Mr. de Angelis' appointment, Amir Adnani, Chairman, stated, 'Ovidio's
leadership experience in the many levels of Brazil's government, including
the mining state of Goias, brings much needed understanding and valuable
relations to the Company.'
Ovidio Antonio de Angelis served as the Minister of Regional Politics as
well as the Minister of Urban Development in the Brazilian cabinet under
President Fernando Henrique Cardoso from 1998 through 2002. He was Vice
President of Brazil's Foreign Trade Council in 2003. Mr. de Angelis
dedicated the majority of his career to advancing the interests of the
state of Goias through various roles. He served as the President of the
State Bank of Goias from 1991 to 1993 and also vice president of the
Association of Commercial and State Banks of Brazil. He was also the
president of the Electric Energy Corporation for the state of Goias from
1992 to 1994. Recently, from 2003 to 2008, Mr. de Angelis served as the
Secretary of the Foreign Trade Bureau of the state of Goias. Mr. de Angelis
earned a Bachelor's degree in Law from the Federal University of Goias,
College of Law.
The Company is also pleased to announce that it has entered into an
investor relations agreement (the 'Agreement') with Michael Baybak and
Company, Inc. ('MBC'), a Florida-based firm, pursuant to which MBC will
provide institutionally-oriented investor relations programs on behalf of
the Company. MBC is headed by Michael Baybak, an institutional and media
investor relations specialist in the natural resources sector, with a focus
on introducing resource sector issuers to broader institutional and retail
investor audiences.
The Company has agreed to pay MBC a monthly fee of US$5,000 over the
12-month term of the Agreement. The Company may cancel the Agreement, upon
30 days' notice to MBC any time after an initial six month period and may
renew the Agreement upon completion of the 12-month term. Pursuant to the
terms of the Agreement, the Company has agreed to grant 150,000 stock
options to principals of MBC, which will vest over a one year period, with
25% vesting each quarter, subject to any required regulatory approvals.
The Agreement and the grant of options thereunder are subject to the
acceptance of the TSX Venture Exchange.
About Brazil Resources Inc.
Brazil Resources Inc. is a mineral exploration company with a focus on the
acquisition, exploration and development of mineral properties in the
emerging gold districts of Brazil and in additional prolific areas of South
America. Currently, the Company's principal property is the MontesÁureos
project, located within the Gurupi Gold belt in the state of Maranhão,
Brazil.
For additional information, please contact:
Patrick Obara
Telephone: +1 (604) 227 1124
info(at)brazilresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
End of Corporate News
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31.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Media archive at www.dgap-medientreff.de and www.dgap.de
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126854 31.05.2011
Datum: 31.05.2011 - 14:30 Uhr
Sprache: Deutsch
News-ID 34278
Anzahl Zeichen: 0
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Kategorie:
Business News
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