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Published on 12/7/2005 in the Prospect News PIPE Daily.

New Issue: BrazMin negotiates C$3 million sale of units

By Sheri Kasprzak

New York, Dec. 7 - BrazMin Corp. priced a C$3 million private placement.

The company plans to sell, on a non-brokered basis, 2,222,222 units at C$1.35 each to a group of resource investors, including Macquarie Bank Ltd.

The units include one share and one half-share warrant. The full warrants allow for the purchase of another share at C$1.70 each for one year.

The deal is scheduled to close on Dec. 31.

Proceeds will be used for exploration on the company's Sao Jorge project in Brazil. The rest will be used for other exploration and for general corporate purposes.

Based in Tortola, British Virgin Islands, BrazMin is a gold exploration company.

Issuer:BrazMin Corp.
Issue:Units of one share and one half-share warrant
Amount:C$3 million
Units:2,222,222
Price:C$1.35
Warrants:One half-share warrant per unit
Warrant expiration:One year
Warrant strike price:C$1.70
Placement agent:Non-brokered
Investor:Macquarie Bank Ltd., other resources investors
Pricing date:Dec. 7
Settlement date:Dec. 31
Stock price:C$1.43 at close Dec. 7

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