DGAP-News

BRS Ventures Ltd. Changes Name to Silver One Resources Inc.

DGAP-News: BRS Ventures Ltd. / Key word(s): Miscellaneous
BRS Ventures Ltd. Changes Name to Silver One Resources Inc.

01.09.2016 / 02:32
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia--(Newsfile Corp. - August 31, 2016) - BRS
Ventures Ltd. (TSXV: BRV) (TSXV: SVE) (the 'Company') is pleased to
announce that, effective September 1, 2016, it will change its name to
Silver One Resources Inc. (the 'Name Change') and forward split its issued
and outstanding common shares on the basis of three (3) post-split common
shares for one (1) pre-split common share (the 'Split'). The Company's
post-Split common shares will trade on the TSX Venture Exchange under the
symbol 'SVE' on September 1, 2016.

The purpose of the Name Change and Split is to enhance the Company's
ability to access capital markets and enhance liquidity for its
shareholders. As a result of the Split, the Company's 21,641,659 pre-Split
common shares will be 64,924,977 post-Split common shares. Registered
shareholders of the Company will receive new share certificates under the
new CUSIP number, which is 828062109.

Private Placement Financing

The Company also announces that it has amended the terms of the previously
announced private placement financing (see news release dated August 22,
2016) by increasing the subscription price per share from $0.20 per
post-Split share to $0.25 per post-Split Share. As a result, the Company
will offer 10 Million post-Split shares for gross proceeds C$2.5 Million
(the 'Offering'). The Offering will not be subject to a minimum offering
amount.

The Offering will be completed pursuant to National Instrument 45-106 -
Prospectus and Registration Exemptions ('NI 45-106') and to certain
subscribers pursuant to B.C. Instrument 45-536 - Exemptions from prospectus
requirement for certain distributions through an investment dealer. The
Company confirms that there is no material fact or material change
regarding the Company that has not been generally disclosed.

Proceeds of the financing will be used for an exploration program on the
newly acquired silver projects and for general working capital.

Closing of the Offering is subject to the approval of the TSX Venture
Exchange.

The Company also announces that it has granted options to purchase 310,000
pre-Split shares (930,000 post-Split shares) to consultants and advisors of
the Company. The options will be exercisable at a price of $1.00 per
pre-Split shares ($0.33 per post-Split share) and expire five years from
the grant date.

For more information, please contact:

Silver One Resources Inc.
Greg Crowe, CEO and President
[phone]
[e-mail]

Forward-Looking Statements

Information set forth in this news release contains forward-looking
statements that are based on assumptions as of the date of this news
release. These statements reflect management's current estimates, beliefs,
intentions and expectations. They are not guarantees of future performance.
The Company cautions that all forward looking statements are inherently
uncertain and that actual performance may be affected by a number of
material factors, many of which are beyond the Company's control. Such
factors include, among other things: risks and uncertainties relating to
the Company's limited operating history, the need to comply with
environmental and governmental regulations and its ability to complete its
acquisition and private placement financing. Accordingly, actual and future
events, conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the forward
looking information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly update or
revise forward-looking information.

NEITHER 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.


Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/22376

News Source: Newsfile


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01.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: BRS Ventures Ltd.


Canada
ISIN: CA05569Y2069


End of News DGAP News Service
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497953 01.09.2016