April 02, 2007 07:30 ET

Dios Exploration Inc.: Closing of Brokered Private Placement

MONTREAL, QUEBEC--(CCNMatthews - April 2, 2007) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) closed the brokered placement announced on March 9, 2007 for an amount of C$4,999,999.50. A total of 6,666,666 Units comprised of one Common Share of DIOS at a price of $0.75 and one-half warrant were subscribed. Each full warrant will entitle its holder thereof to purchase one Common Share of DIOS at $1.00 for the next 12 months and at $1.15 for a further 12 months.

This non-flow through offering was made to accredited investors, within the meaning of National Instrument 45-106, residing in the Provinces of British Columbia, Alberta, Ontario, and Quebec, in reliance upon applicable exemptions from registration and prospectus requirements.

All securities issued pursuant to this offering are subject to a hold period of four months from the date of closing. A commission equal to 8% of the gross proceeds, as well as broker warrants equal to 10% of issued units at $0.75, was paid by the Corporation to Bearbeech Capital Partners Corporation.

The proceeds from this placement will be used by DIOS for exploration on its properties as well as for general purposes and working capital.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information