Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

June 04, 2009 14:47 ET

Dia Bras Increases Non-Brokered Private Placement Unit Offering

MONTREAL, QUEBEC--(Marketwire - June 4, 2009) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Corporation") announced today that, further to its May 19, 2009 news release, the non-brokered Private Placement financing has been oversubscribed and the maximum has been increased to $1.6 million from $925,520. Up to a total of 32,000,000 Units at a price of $0.05 per Unit will be issued in accordance with this financing. Each Warrant will entitle the holder thereof to subscribe for one additional Common Share of the Corporation at a price of $0.10 per share during a 30-months period following the hold period.

After taking into consideration this increased maximum of the private placement, the Company will have 234,964,087 common shares issued and outstanding.

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".

Forward-looking statements

Except for statements of historical fact, all statements in this news release, without limitation regarding new project acquisitions future plans and objectives are forward-looking statements that 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 release.

Contact Information

  • Dia Bras Exploration
    Daniel Tellechea
    President & CEO
    Dia Bras Exploration
    Nathalie Dion
    Investor Relations