Brazil Minerals, Inc. Places Initial Polished Diamonds for Sale With Rapaport Auctions
Marketwired Brazil Minerals, Inc
PASADENA, CA--(Marketwired - Dec 10, 2015) - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX"
announced today that it had submitted two polished diamonds for the ongoing single stone auction sale run by Rapaport Auctions in New York, NY and Ramat Gan, Israel. Rapaport Auctions is a division of the Rapaport Group, a premier diamond service provider founded in 1976.
Both gems submitted were mined at BMIX's properties, cut and polished in Brazil, then exported to the U.S. and graded and certificated at a Gemological Institute of America (GIA) analytical laboratory. BMIX could have sold the gems in Brazil to a jewelry chain without the need for certification, or to private buyers in the U.S. The Company chose to utilize Rapaport Auctions as an initial test of a new potential sales channel, since Rapaport has over 13,000 registered clients and provides sellers with exposure to their gems at one or more major diamond centers -- U.S., Israel and Hong Kong.
Besides placing polished diamonds at auction, BMIX and Rapaport have ongoing discussions for further collaboration regarding rough diamonds.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC: BMIX) is a U.S. holding company with Brazilian mining properties that produce rough diamonds, gold, and sand, and a business that manufactures and sells mortar. More information on BMIX can be found at www.brazil-minerals.com.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Cautionary note regarding estimates of Indicated and Inferred Mineral Resources of Diamonds and Gold as found in MDB's NI 43-101 Technical Reports.
We advise U.S. investors that while these terms and amounts are recognized by Canadian regulations, the U.S. Securities and Exchange Commission ("SEC" does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.
Cautionary note regarding estimates of Mineral Reserves of Diamonds and Gold as found in MDB's Bankable Feasibility Study.
We advise U.S. investors that while these terms and amounts are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.
Cautionary note regarding estimates of Volume and Weight of Sand as found in MDB's studies filed with the local Brazilian regulatory agencies.
We advise U.S. investors that while sand volume and weight terms and amounts as filed in Brazil are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part of such are not considered mineral reserves as defined by the U.S.'s Industry Guide 7.
Contact:
Marc Fogassa
(213) 590-2500
Email Contact
www.brazil-minerals.com
Marketwired Brazil Minerals, Inc
PASADENA, CA--(Marketwired - Dec 10, 2015) - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX"
announced today that it had submitted two polished diamonds for the ongoing single stone auction sale run by Rapaport Auctions in New York, NY and Ramat Gan, Israel. Rapaport Auctions is a division of the Rapaport Group, a premier diamond service provider founded in 1976. Both gems submitted were mined at BMIX's properties, cut and polished in Brazil, then exported to the U.S. and graded and certificated at a Gemological Institute of America (GIA) analytical laboratory. BMIX could have sold the gems in Brazil to a jewelry chain without the need for certification, or to private buyers in the U.S. The Company chose to utilize Rapaport Auctions as an initial test of a new potential sales channel, since Rapaport has over 13,000 registered clients and provides sellers with exposure to their gems at one or more major diamond centers -- U.S., Israel and Hong Kong.
Besides placing polished diamonds at auction, BMIX and Rapaport have ongoing discussions for further collaboration regarding rough diamonds.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC: BMIX) is a U.S. holding company with Brazilian mining properties that produce rough diamonds, gold, and sand, and a business that manufactures and sells mortar. More information on BMIX can be found at www.brazil-minerals.com.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Cautionary note regarding estimates of Indicated and Inferred Mineral Resources of Diamonds and Gold as found in MDB's NI 43-101 Technical Reports.
We advise U.S. investors that while these terms and amounts are recognized by Canadian regulations, the U.S. Securities and Exchange Commission ("SEC"
does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7. Cautionary note regarding estimates of Mineral Reserves of Diamonds and Gold as found in MDB's Bankable Feasibility Study.
We advise U.S. investors that while these terms and amounts are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.
Cautionary note regarding estimates of Volume and Weight of Sand as found in MDB's studies filed with the local Brazilian regulatory agencies.
We advise U.S. investors that while sand volume and weight terms and amounts as filed in Brazil are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part of such are not considered mineral reserves as defined by the U.S.'s Industry Guide 7.
Contact:
Marc Fogassa
(213) 590-2500
Email Contact
www.brazil-minerals.com
