BrazAlta Resources Corp.

BrazAlta Resources Corp.

March 11, 2005 13:04 ET

BrazAlta Announces Cross of Shares, Increase of Private Placement and Corporate Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BRAZALTA RESOURCES CORP.

TSX VENTURE SYMBOL: BRX

MARCH 11, 2005 - 13:04 ET

BrazAlta Announces Cross of Shares, Increase of
Private Placement and Corporate Update

CALGARY, ALBERTA--(CCNMatthews - March 11, 2005) - BrazAlta Resources
Corp. (TSX VENTURE:BRX) ("BrazAlta"), is pleased to announce that
insiders of the Corporation have crossed 671,000 common shares ("Traded
Shares") of the Corporation through the facilities of the TSX Venture
Exchange at a sale price of $0.40 per share. The Traded Shares were
crossed to arm's length parties. It is anticipated that the proceeds
from the sale of the Traded Shares will be used by the sellers to
purchase securities under the Corporation's private placement previously
announced on March 3, 2005.

In addition, the Corporation is increasing its previously announced
private placement by a further 271,000 units to provide for the
subscription by the sellers of the Traded Shares. BrazAlta now intends
to complete a private placement to raise up to $444,850. BrazAlta will
issue up to 1,271,000 units at $0.35 per unit. Each unit will consist of
one common share and one half of one common share purchase warrant. Each
warrant will entitle the holder thereof to purchase one common share at
any time for a period of 24 months following the closing date at a price
of $0.45 per common share. The securities will be subject to a
four-month hold period.

Upon closing of the increased Private Placement, BrazAlta will have
10,804,633 common shares outstanding.

BrazAlta also intends to complete an addition private placement of up to
4,285,000 common shares at a price of $0.35 per common share. BrazAlta
has appointed Trevor Wong-Chor as corporate secretary. Mr. Wong-Chor is
a solicitor who practices corporate commercial and securities law.

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
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.