News Column

Brazil Minerals, Inc. Reports FY2012 Financial Results

Page 5 of 5

"We have worked diligently to complete what we believe is a game-changing set of transactions for our shareholders," explained Marc Fogassa, Chairman and Chief Executive Officer of Brazil Minerals. "We are excited about increasing production from Duas Barras over the next several quarters and the opportunities to reduce our costs significantly. Concurrently, we are evaluating opportunities to enhance the value of the Borba Project. Completing the going-public transaction provided us with financial flexibility and reduced our cost of capital. We will deploy our capital as a private equity investor would to maximize the value of our portfolio of assets."

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. corporation, is a diamond producer and gold mining exploration and development company with resources in Brazil. Its mining assets include an interest in Duas Barras, a diamond and gold producing mine located in the state of Minas Gerais, as well as 100% ownership of a gold producing area, Borba, in the State of Amazonas, Brazil. BMIX also has a pipeline of opportunities in diamonds, gold, and other minerals throughout Brazil. Its Brazilian headquarter is in São Paulo, the financial hub of Latin America, with an operational office in Belo Horizonte, the capital of the state of Minas Gerais. More information 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 Resource Acquisition'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, the 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.


                           BRAZIL MINERALS, INC.                    (FORMERLY, FLUX TECHNOLOGIES, CORP.)                       (AN EXPLORATION STAGE COMPANY)                               BALANCE SHEETS               AS OF DECEMBER 31, 2012 AND FEBRUARY 29, 2012                                                December 31,   February 29,                                                    2012           2012                                               -------------  -------------                    ASSETSCurrent Assets  Cash and cash equivalents                    $     863,189  $      21,488                                               -------------  -------------Total Current Assets                                 863,189         21,488Other Assets  Loan receivable-related party                      800,000              -                                               -------------  -------------Total Assets                                   $   1,663,189  $      21,488                                               =============  =============     LIABILITIES AND STOCKHOLDERS' EQUITYLiabilitiesCurrent Liabilities  Accrued expenses                             $      67,362  $       4,000  Loan from Director                                     100              -                                               -------------  -------------Total Liabilities                                     67,462          4,000                                               -------------  -------------Stockholders' Equity  Series A Preferred Stock, $0.001 par value,   10,000,000 shares authorized; 1 share   issued and outstanding                                  -              -  Common stock, $0.001 par value, 150,000,000   shares authorized; 69,963,434 shares issued   and outstanding on a post stock dividend   basis ( February 29, 2012- 129,332,040)            69,963          3,880  Additional paid-in-capital                      37,370,516         18,320  Stock Warrants                                     117,765              -  Deficit accumulated during the development   stage                                         (35,962,517)        (4,712)                                               -------------  -------------Total Stockholders' Equity                         1,595,727         17,488                                               -------------  -------------Total Liabilities and Stockholders' Equity     $   1,663,189  $      21,488                                               =============  =============                           BRAZIL MINERALS, INC.                    (FORMERLY, FLUX TECHNOLOGIES, CORP.)                       (AN EXPLORATION STAGE COMPANY)                          STATEMENTS OF OPERATIONS           FOR THE PERIOD FROM MARCH 1, 2012 TO DECEMBER 31, 2012   FOR THE PERIOD FROM DECEMBER 15, 2011 (INCEPTION) TO FEBRUARY 29, 2012   FOR THE PERIOD FROM DECEMBER 15, 2011 (INCEPTION) TO DECEMBER 31, 2012                                                    For the       For the                                      For the     period from   period from                                    period from  December 15,  December 15,                                     March 1,        2011          2011                                      2012 to     (Inception)   (Inception)                                   December 31,   to February   to December                                       2012        29, 2012      31, 2012                                   ------------  ------------  ------------REVENUES                           $          -  $          -  $          -                                   ------------  ------------  ------------OPERATING EXPENSES  Professional fees                      94,658             -        94,658  General and administrative   expenses                               3,885             -         3,885  Compensation and related costs         54,112             -        54,112                                   ------------  ------------  ------------TOTAL OPERATING EXPENSES                152,655             -       152,655                                   ------------  ------------  ------------LOSS FROM CONTINUING OPERATIONS        (152,655)            -      (152,655)LOSS FROM DISCONTINUED OPERATIONS       (21,808)       (4,712)      (26,520)                                   ------------  ------------  ------------LOSS BEFORE PROVISION FOR INCOME TAXES                                 (174,463)       (4,712)     (179,175)PROVISION FOR CORPORATE INCOME TAXES                                        -             -             -                                   ------------  ------------  ------------NET LOSS                           $   (174,463) $     (4,712) $   (179,175)                                   ============  ============  ============NET LOSS PER SHARE: BASIC AND DILUTED                           $      (0.00) $      (0.00)                                   ============  ============WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED     122,907,180    63,694,290                                   ============  ============                           BRAZIL MINERALS, INC.                    (FORMERLY, FLUX TECHNOLOGIES, CORP.)                       (AN EXPLORATION STAGE COMPANY)                          STATEMENTS OF CASH FLOWS           FOR THE PERIOD FROM MARCH 1, 2012 TO DECEMBER 31, 2012   FOR THE PERIOD FROM DECEMBER 15, 2011 (INCEPTION) TO FEBRUARY 29, 2012   FOR THE PERIOD FROM DECEMBER 15, 2011 (INCEPTION) TO DECEMBER 31, 2012                                                    For the       For the                                      For the     period from   period from                                    period from  December 15,  December 15,                                     March 1,        2011          2011                                      2012 to     (Inception)   (Inception)                                   December 31,   to February   to December                                       2012        29, 2012      31, 2012                                   ------------  ------------  ------------CASH FLOWS FROM OPERATING ACTIVITIES:  Net loss for the period          $   (174,463) $     (4,712) $   (179,175)  Loss from discontinued   operations                            21,808         4,712        26,520                                   ------------  ------------  ------------  Loss from continuing operations      (152,655)            0      (152,655)Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:Change in assets and liabilities:  Increase in accrued expenses           66,112             0        66,112                                   ------------  ------------  ------------Net Cash Used in Continuing Operating Activities                   (86,543)            0       (86,543)Net Cash Used in Discontinued Operations                             (24,558)         (712)      (25,270)                                   ------------  ------------  ------------Net Cash Used in Operating Activities                            (111,101)         (712)     (111,813)                                   ------------  ------------  ------------CASH FLOWS FROM INVESTING ACTIVITIES:  Advances to a related party          (800,000)            -      (800,000)                                   ------------  ------------  ------------Net Cash Used in Investing Activities                            (800,000)            -      (800,000)                                   ------------  ------------  ------------CASH FLOWS FROM FINANCING ACTIVITIES:  Loans from officers                       100             -           100  Net proceeds from the sale of   common stock                       2,000,033             -     2,000,033  Cash paid for share offering   costs                               (253,500)                   (253,500)                                   ------------  ------------  ------------Net Cash Provided by Continuing Financing Activities                 1,746,633             0     1,746,633Net Cash Provided by Discontinued Financing Activities                     6,169        22,200        28,369                                   ------------  ------------  ------------Net Cash Provided by Financing Activities                           1,752,802        22,200     1,775,002                                   ------------  ------------  ------------Net Increase in Cash and Cash Equivalents                            841,701        21,488       863,189Cash and equivalents, beginning of period                                  21,488             -             -                                   ------------  ------------  ------------Cash and equivalents, end of period                            $    863,189  $     21,488  $    863,189                                   ============  ============  ============SUPPLEMENTAL CASH FLOW INFORMATION:  Cash paid for interest           $          0  $          0  $          0                                   ============  ============  ============  Cash paid for income taxes       $          0  $          0  $          0                                   ============  ============  ============SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:  Shares issued for exploration   rights and mineral property   option                          $ 35,783,342  $          0  $ 35,783,342                                   ============  ============  ============  Shares and warrants issued as   stock offering costs            $  2,923,245  $          0  $  2,923,245                                   ============  ============  ============  Forgiveness of shareholder debt   recorded as contributed capital $      6,169  $          0  $      6,169                                   ============  ============  ============








CONTACTS
For BMIX
Marc Fogassa
CEO
Brazil Minerals, Inc.
324 S Beverly Drive, Suite 118
Beverly Hills, CA 90212 USA
Telephone: +1 (213) 590-2500
Email Contact
www.brazil-minerals.com

For Investors

John Mattio
SVP
MZ North America
1001 Avenue of the Americas
New York, NY 10018
Telephone: +1 (212) 301-7130
Email Contact
www.mzgroup.us





Source: Marketwire


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