Attn: Brett Shareholders,
OSISKO'S OFFER TO ACQUIRE BRETT RESOURCES SUCCEEDS
Brett Resources Inc. ("Brett") (TSX Venture Exchange - BBR) is pleased to announce that Osisko has been successful in its offer to acquire Brett. A total of 88,295,814 common shares of Brett were validly deposited at the expiry time of the offer representing approximately 77.28% of Brett's issued and outstanding common shares.
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Brett Resources Inc.'s primary objective is the recognition, acquisition and development of quality precious metal resources. Brett has assembled a portfolio of precious and base metal projects in the Americas.
Brett is presently focused on expanding gold resources at its Hammond Reef Gold Deposit, near Atikokan Ontario. A Preliminary Assessment Study, was completed on the Hammond Reef deposit on November 12, 2009, resulting in a
new Base Case Inferred Mineral Resource of 6.70 million ounces of gold (259.4 million tonnes grading 0.8 grams per tonne (g/t) gold (Au) at a cut-off grade of 0.30 g/t, which relates to the economic cut-off in the Study). The deposit remains open along strike and at depth and
over 97% of this resource is within 300 metres of surface.
Scott Wilson Roscoe Postle Associates Inc. is the independent qualified person for the resource estimate. For additional details of the resource estimate at Hammond Reef please refer to the
November 12, 2009,
July 23, 2009 and
October 15, 2008 news releases.
Winter 2009/2010 Drill Program (70,000 Metres) - Progress Map and Proposed Drill Holes Map
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