Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

December 08, 2010 09:01 ET

Dia Bras Announces Beginning of Trading on Post Consolidation Basis

MONTREAL, QUEBEC--(Marketwire - Dec. 8, 2010) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras") (the "Company") announces that the previously announced consolidation of its common shares became effective today, December 8, 2010. Following the consolidation, the number of common shares issued and outstanding was reduced from 517,563,844 to 73,937,692.

In connection with the common share consolidation, Dia Bras mailed a letter of transmittal to each of its registered shareholders, who will be required to exchange their current share certificates for a Direct Registration Advice representing their post-consolidation common shares entitlement. Shareholders who hold their common shares through a securities broker or dealer, bank or trust company will not be required to take any measures.

About Dia Bras

Dia Bras is a Canadian exploration mining company focused on precious and base metals in Chihuahua State and other areas of northern Mexico. The Company is pursuing the development and exploration of its most advanced assets – the Bolivar Property (copper-zinc-silver) and the Cusi Property (silver) and is exploring several precious metal targets such as La Cascada project at the Bolivar Property, the Las Coloradas project at Melchor Ocampo (Zacatecas State), the Bacerac Property (Sonora State) and the La Verde project at the Batopilas Property (Chihuahua State).

The Company's shares trade on the TSX Venture Exchange under the symbol "DIB". 

Forward-looking Statements

Except for statements of historical fact, all statements in this news release without limitation regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Neither the 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 news release.

Contact Information

  • Dia Bras Exploration Inc.
    Daniel Tellechea
    President & CEO
    Dia Bras Exploration Inc.
    Karl J. Boltz
    Vice President, Corporate Development