Brazil Minerals Receives US$500,000 For Polished Diamonds

Brazil Minerals, Inc. (OTCBB:BMIX) has received US$500,000 for polished diamonds for delivery over a period of one year. Details concerning the transaction can be found in the Form 8-K that has been filed with the SEC.

Marc Fogassa, Chairman and CEO of BMIX, commented, “For a growing Company such as BMIX, this large cash infusion announced today from smart and networked investors is superb news; in fact, we had asked for US$250,000, and instead received a counter-offer with US$500,000. This funding provides the breadth and latitude to carry out some additional operational improvements in Duas Barras as well as to accelerate certain other value-creating, strategic opportunities. Finally, we believe that this transaction validates not only the quality of our production, but also our business model and management team.”

Click here to read the Brazil Minerals Inc. (OTCQB:BMIX) press release