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The Duas Barras Diamond and Gold Mine in Brazil is now 100% owned by Brazil Minerals, Inc. (OTCQB: BMIX), after making the final payment of $200,000 in cash and issued 2,142,857 shares of its restricted common stock to a private individual.
As quoted in the press release:
For the final payment for completing its ownership in MDB, BMIX disbursed $200,000 in cash and issued 2,142,857 shares of its restricted common stock to a private individual. MDB now fully-owned, BMIX will no longer have to expend capital or issue stock for additional ownership interest in MDB. About Brazil Minerals, Inc.
Click here to read the Brazil Minerals, Inc. (OTCQB:BMIX) press release
Click here to see the Brazil Minerals, Inc. (OTCQB:BMIX) profile.