November 8, 2016 / 1:47 PM / in a year

BRIEF-Brazil resources further increases size of private placement to $9 mln

Nov 8 (Reuters) - Brazil Resources Inc

* Brazil resources - intends to use proceeds from private placement to bolster its ongoing acquisition strategy and for general working capital needs

* Increased size of its previously announced private placement to 3.6 million units at a price of $2.50 per unit

* Brazil resources further increases size of private placement to $9.0 million and announces closing of initial tranche of $6.4 million Source text for Eikon: Further company coverage:

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