BrazAlta Resources Corp.

BrazAlta Resources Corp.

March 30, 2005 09:15 ET

BrazAlta Announces $1.5million Brokered Private Placement at $0.35 per Common Share with Octagon Capital Corporation


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BRAZALTA RESOURCES CORP.

TSX VENTURE SYMBOL: BRX

MARCH 30, 2005 - 09:15 ET

BrazAlta Announces $1.5million Brokered Private
Placement at $0.35 per Common Share with Octagon
Capital Corporation

CALGARY, ALBERTA--(CCNMatthews - March 30, 2005) - The Board of
Directors of BrazAlta Resources Corp. (TSX VENTURE:BRX) has granted
approval to engage Octagon Capital Corporation to raise $1,500,000 on a
best efforts basis. The Corporation will issue up to 4,285,715 shares at
$0.35 per Common Share. The securities will be subject to a four-month
hold period upon issuance. Upon closing of the Private Placement,
BrazAlta will have 15,011,348 Common Shares outstanding.

BrazAlta is a publicly traded Canadian based international oil & gas and
resource company with operations in both Canada and Northern Ireland.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    BrazAlta Resources Corp.
    John R. MacMillan
    President & CEO
    (403) 561-1648
    Email: jrmacmillan@brazalta.com
    Octagon Capital Corporation
    (403) 750-0475
    The TSX Venture Exchange
    has not reviewed and does not accept responsibility for the adequacy or
    accuracy of this release.