BrazMin Reports Results for Quarter Ended June 30, 2005
Aug 15, 2005
Road Town, Tortola, British Virgin Islands (Aug 15, 2005) - BrazMin Corp. (TSX: BZM) reported a loss for the three month period ended June 30th, 2005 of Cdn $1,408, 695 or $0.08 per share (basic and diluted).
Capitalized exploration for the period amounted to Cdn $395,079 (total to date is $2,824,914) and mainly reflects work performed on the Sao Jorge Gold Project in Para State, Brazil and for additional land acquisition costs related to this project and for the initial acquisition costs related to the Tartarugalzinho (“Small Turtle”) project in Amapa State, Brazil.
BrazMin Corp. (the "Company") was incorporated on July 8, 2004 under the International Business Companies Act in the Territory of The British Virgin Islands. On April 5, 2005 the Company changed its name from Resource Holdings and Investments Inc. to Brazmin Corp.
BrazMin is engaged in the acquisition, exploration and development of gold exploration properties, primarily in Brazil. It has gold projects in several states within Brazil. The Company is focussing its current exploration activities on its 100% owned advanced exploration project, Sao Jorge, where a 10,000m diamond drilling program commenced recently.
The company has 18,221,858 shares outstanding (23,422,011 shares fully diluted) and cash of approximately Canadian $5.6 Million.
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This document may contain or refer to forward looking information based on current expectations. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.