Brazil Gold Acquires Interest in Gold Exploration Company
NEW YORK, July 30, 2013 /PRNewswire/ -- Brazil Gold Corp. (OTC: BRZG) announces today that it has acquired twenty percent of FAL Minerals LLC, a Gold mining and exploration company. Pursuant to the agreement with FAL Minerals, the Company will receive fifteen percent of all royalty payments received by FAL Minerals in the exploration of a certain parcel of land in Alabama. FAL Minerals has a Mineral Lease Agreement for the exploration for and production, ownership, possession and transportation of discovered minerals on approximately 17 acres of land in Alabama.
Conrad Huss, CEO of Brazil Gold commented, "We feel this is an extraordinary opportunity for the Company. Being able to partner with an established exploration company like FAL Minerals is a fantastic step in the ongoing growth of our Company as a precious metal exploration company. We look forward to working with FAL Minerals on this and other opportunities."
Forward Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.
SOURCE Brazil Gold Corp.
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