REGISTRATION STATEMENT FOR AN
IPO OF BRAZIL MINERALS, INC.'S GOLD SUBSIDIARY DECLARED
EFFECTIVE
PASADENA, CA--(December 20, 2016 -- InvestorHub NewsWire) -
Brazil Minerals, Inc. (OTC:
BMIX) ("Brazil Minerals") announced today that Jupiter Gold
Corporation ("Jupiter Gold"), its subsidiary focused purely on gold
projects, had its registration statement for a planned initial
public offering ("IPO") declared effective by the Securities and
Exchange Commission (the "SEC") on December 16, 2016. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy securities of either Brazil Minerals or Jupiter
Gold, and shall not constitute an offer, solicitation, or sale in
any jurisdiction in which such offer, solicitation, or sale would
be unlawful prior to registration or qualification under the
securities laws of that jurisdiction.
Brazil Minerals had discussed in its July 13, 2016 press release
the ongoing strategy by which it creates subsidiaries that are
mineral-specific, which may stay private or become listed
companies. Jupiter Gold was incorporated on July 27, 2016. On
December 1, 2016 Jupiter Gold publicly filed its Registration
Statement on Form F-1 ("Registration Statement"), which was
declared effective by the SEC on December 16, 2016. A copy of the
Registration Statement and the SEC's order of effectiveness can be
found on the SEC's website (www.sec.gov).
Brazil Minerals owns approximately 60% of Jupiter Gold's common
stock. Currently, Jupiter Gold has 4 million shares of common stock
issued and outstanding. In connection with the IPO, Jupiter Gold
may sell up to 1 million of its common shares at $1.00 per share.
It is not anticipated that Jupiter Gold will borrow or issue any
debt securities in the foreseeable future, except for short-term,
routine payables related to operations.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC:
BMIX) is a producer of diamonds, gold, sand and industrialized
mortar. Through various subsidiaries, consolidated in our financial
statements, we have title to 38 mineral rights for gold, diamonds,
manganese and sand, including 10 mining concessions for gold and
diamonds, the highest level of right to mine in Brazil; the total
surface area of these mineral rights is 218,525 acres or 440 square
miles. More information on BMIX is 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 Brazil
Minerals, Inc.'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, Brazil Minerals, Inc.' 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.
Contact:
Peter Gold
Director of Communications
Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com