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Actionable news in AG: FIRST MAJESTIC SILVER CORP,

BRS Ventures Ltd. To Become a Silver Focused Resource Company and Name Change to Silver One Resources

Enters into Agreement to Acquire Three Mexican Silver Projects from First Mining Finance; Private Placement Financing of $2.5 Million and 3:1 Forward Stock Split; Appointment of Greg Crowe as Chief Executive Officer

VANCOUVER, BC / ACCESSWIRE / August 22, 2016 / BRS Ventures Ltd. (BRV.V) ("BRS" or the "Company") is pleased to announce that it has entered into an agreement dated August 22, 2016 with a subsidiary of First Mining Finance Ltd. ("First Mining") to acquire all of the issued and outstanding shares of Minera Terra Plata S.A. de C.V. ("Terra Plata"), which owns three Mexican silver projects. Concurrently, BRS intends to complete a non-brokered private placement financing of up to 12.5 million post-split shares at a price of 20 cents per post-split share to raise gross proceeds of up to $2.5 million. BRS will also be undergoing a name change to Silver One Resources Inc. ("Silver One") and will complete a 3:1 forward stock split.

BRS is also pleased to announce that Greg Crowe, a director of BRS, has been appointed as President and CEO of BRS and Luke Norman will assume the Chairman of the Board position.

PROPERTY ACQUISITION

BRS's (Silver One) aim is to become a Mexican based silver exploration / development company. The Company will acquire a 100% interest in three significant silver assets from First Mining Finance (TSX-V:FF) for 6 million post-split shares for all 3 projects. After closing of the transaction and the financing, First Mining will own 7.2% of the issued and outstanding shares of BRS (Silver One) on a post-split basis. First Mining will also have a 2.5% Net Smelter Return ("NSR") on each of the properties. However, BRS can buy down 1.5% of the NSR for USD$ 1 million. No finder's fees are payable in...


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