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Brazil Minerals receives US$500,000
The transaction includes GIA graded stones, common stock and two-year options
By: Diamond World News Service
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May 14 2014 5:26PM
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Reference: 9128  

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Brazil Minerals, Inc. a company with interests in gold and diamond mining has completed a transaction with four investors, in which it has received US$500,000, reports say. The transaction included Brazil Minerals selling stones graded by the Gemological Institute of America (GIA), common stock and two-year options, reports say.

These stones will be applicable for delivery upto December 31, 2015, according to the company reports say.

The company views this move as a positive indication of its sale of diamonds produced at its mining operations in Brazil. The company owns 55 percent in the Mineracao Duas Barras Ltda. (Duas Barras), a Brazilian producer.

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