Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

September 30, 2009 16:29 ET

Dia Bras Closes Acquisition of Exmin

MONTREAL, QUEBEC and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2009) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) announced today that it completed its acquisition of all of the outstanding common shares of EXMIN Resources Inc. (TSX VENTURE:EXM) by way of statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). Pursuant to the Arrangement, holders of EXMIN common shares ("EXMIN Shares") received 0.2040 (the "Exchange Ratio") of a common share of Dia Bras ("Dia Bras Share"), for each EXMIN Share. In addition, all outstanding options and warrants to purchase EXMIN Shares will be exchanged for replacement options and warrants to purchase Dia Bras Shares and will be exercisable to purchase that number of Dia Bras Shares at an exercise price each determined by reference to the Exchange Ratio.

Daniel Tellechea, President and Chief Executive Officer of Dia Bras, states that: "We are pleased and very excited about the possibilities this merger brings to our collective shareholders and see this as a major step in creating a premier base and precious metals mining company in Mexico. The merged entity will be a dynamic junior issuer with further plans to develop and explore its significant assets in the Sierra Madre Occidental. Important shareholder value will be added to this company going forward."

About Dia Bras

Dia Bras is a Canadian exploration mining company focused on precious and base metals in the State of Chihuahua, in northern Mexico. The Company is committed to developing and adding value to its assets - the Bolivar copper-zinc project and the Cusi silver mining camp. The Company trades on the TSX Venture Exchange under the symbol "DIB".

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.

Forward-looking statements

Dia Bras Exploration Inc. (Dia Bras) has taken all reasonable care in producing and publishing information contained in this news release. Material in this news release may still contain technical inaccuracies, omissions or typographical errors, for which Dia Bras assumes no responsibility. This news release may include certain "forward-looking statements" including but not limited to comments regarding predictions and projections. All statements, other than statements of historical fact, included in this news release, including, without limitation, statements regarding potential mineralization, exploration results, and future plans and objectives of Dia Bras, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations are disclosed in documents filed from time to time with the regulatory authorities.

Contact Information

  • Dia Bras
    Daniel Tellechea
    President & CEO