Feb 29 (Reuters) - Brazil Resources Inc BRI.V :
* Increases size of private placement to $3.7 million, announces closing of
initial tranche of $3.4 million
* Says has further increased size of its previously announced private placement
from aggregate gross proceeds of $2 million to $3.7 million
* Says to issue 8.2 million common shares at a subscription price of $0.45 per
share
* Source text for Eikon ID:nCNWTgd3Za
* Further company coverage BRI.V