Posted On: 10/07/2014 10:25:58 AM
Post# of 17885
BMIX (Marketwired - Oct 7, 2014)
Brazil Minerals, Inc. (OTCQB: BMIX), (the "Company" or "BMIX" , a U.S. holding company with revenues from sales of polished and rough diamonds as well as gold bars, all from its own production, announced today that it had purchased and formally received title to the remainder of Mineração Duas Barras Ltda. ("MDB" that it did not own before. MDB is the first operational, revenue-generating business owned fully by BMIX. Aside from regular payables for operations, there is no debt in MDB.
Marc Fogassa, Chairman and CEO of BMIX, commented: "Our original goal had been to finish the acquisition of 100% of MDB by the end of 2014. I am delighted that we were able to expedite this plan and beat it by three months. MDB under our management team supervision has gone from a distressed asset to a producer of polished and rough diamonds, gold bars, and sand in the course of about a year and half. MDB is the core basis for our expanding diamond and gold center in northern Minas Gerais in Brazil."
Read More: http://investorshangout.com/post/view?id=2112...z3FT9YF3UO
Brazil Minerals, Inc. (OTCQB: BMIX), (the "Company" or "BMIX" , a U.S. holding company with revenues from sales of polished and rough diamonds as well as gold bars, all from its own production, announced today that it had purchased and formally received title to the remainder of Mineração Duas Barras Ltda. ("MDB" that it did not own before. MDB is the first operational, revenue-generating business owned fully by BMIX. Aside from regular payables for operations, there is no debt in MDB.
Marc Fogassa, Chairman and CEO of BMIX, commented: "Our original goal had been to finish the acquisition of 100% of MDB by the end of 2014. I am delighted that we were able to expedite this plan and beat it by three months. MDB under our management team supervision has gone from a distressed asset to a producer of polished and rough diamonds, gold bars, and sand in the course of about a year and half. MDB is the core basis for our expanding diamond and gold center in northern Minas Gerais in Brazil."
Read More: http://investorshangout.com/post/view?id=2112...z3FT9YF3UO
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