SOURCE: BRS Resources Ltd.

BRS Resources Ltd.

October 07, 2011 09:25 ET

BRS Resources Engages Energy Capital Solutions

DALLAS, TX--(Marketwire - Oct 7, 2011) - BRS Resources Ltd. (TSX-V: BRS) (the "Company" or "BRS") has engaged Energy Capital Solutions LLC ("ECS") to raise capital in association with its recently announced acquisition of additional membership interests in AleAnna Resources LLC ("AleAnna Resources").

BRS jointly acquired an additional 20% membership interest in AleAnna Resources through AleAnna Energy LLC, a company jointly owned by BRS and Bluescape Resources Company LLC, from Saxon Oil Company for a combination of cash and common shares of BRS. AleAnna Resources is an independent oil & gas exploration company operating exclusively in Italy (see News Release -- October 6, 2011 -- BRS Resources Increases Interest in Italian Energy -- Related Assets for details).

BRS is listed on the TSX Venture Exchange under the symbol BRS. The Company is an independent international oil and gas company focused on the development and production of oil and natural gas reserves.

ECS, based in Dallas, TX, is an investment banking firm focused on raising private capital and providing merger and acquisition advisory services to public and private energy companies.

ON BEHALF OF THE BOARD OF DIRECTORS

Steve Moore
President/CEO
Phone: 214.699.9470

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • For further information, please contact
    Steve Moore
    President
    214-699-9470
    Email Contact

    David Russell
    Director of Investor Relations/Corporate Communications
    214-699-9470
    Email Contact