By Sheri Kasprzak
Atlanta, Nov. 23 - Brazauro Resources Corp. will raise C$2.15 million in a private placement, the company said Tuesday.
The company will sell 2.15 million shares at C$1 per share. Sprott Asset Management Inc. will buy 2.1 million of the shares.
Based in Vancouver, B.C., Brazauro is a gold exploration company. The company plans to use the proceeds from the financing for exploration work on its properties in Brazil and for working capital.
| Issuer: | Brazauro Resources Corp.
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| Issue: | Stock
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| Amount: | C$2.15 million
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| Shares: | 2.15 million
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| Price: | C$1
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| Warrants: | No
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| Investor: | Sprott Asset Management Inc.
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| Announcement date: | Nov. 23
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| Stock price: | C$1.13 at close Nov. 23
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