InvestorsHub Logo
Followers 28
Posts 1287
Boards Moderated 0
Alias Born 07/20/2012

Re: viper666 post# 7701

Sunday, 08/17/2014 10:39:48 AM

Sunday, August 17, 2014 10:39:48 AM

Post# of 17198
That $225K claim amount =2.25B shares @.0001, NOT including the stated 25% discount. At the average .0001 PPS including the discount 2,812,500,000 more shares must be given to ASC Recap to extinguish this BRZG debt obligation alone.

http://ih.advfn.com/p.php?pid=nmona&article=63202350

On page 9 of the BRZG 3/31/14 10-Q under NOTE 1, one can find' "the entry into an Equity Purchase Agreement and Registration Rights Agreement with an institutional investor in connection with a future financing of up to $5.0 million in shares of the Company’s common stock".

As further addressed in that 10-Q's NOTE 10; "Pursuant to the Equity Purchase Agreement the Company agreed to sell and the institutional investor agreed to purchase up to $5,000,000 of the Company’s Common Stock at a price equal to ninety percent (90%) of the lowest closing price..."

http://ih.advfn.com/p.php?pid=nmona&article=62207908

As per the 10-Q referenced 4/11/14 8-K we find "On April 7, 2014 Brazil Gold Corp. (the “Company”) entered into a Consulting Agreement with ASC Recap LLC (“ASC”)" and "Pursuant to the Equity Purchase Agreement the Company agreed to sell and ASC agreed to purchase up to $5,000,000 of the Company’s Common Stock at a price equal to ninety percent (90%) of the lowest closing price..."

http://ih.advfn.com/p.php?pid=nmona&article=61821036

These two agreements alone represent up to 8,312,500,000 BRZG shares available to ASC Recap, aka; Stephen M. Hicks. Simply Google Stephen M. Hicks along with the word "FRAUD" and see what you find;

http://www.sec.gov/litigation/complaints/2010/comp21709.pdf