Dia Bras Exploration Inc. (TSX-V: DIB) ("Dia Bras" or the “Company”) announced today that further to its January 13, 2009 news release, the non-brokered Private Placement financing has been oversubscribed and the maximum is now increased to $1.85 million from $1.7 million. Up to a total of 30,750,000 million Units at a price of $0.06 per Unit will be issued in accordance with this financing. Please refer to the press release dated January 13, 2009 for more details.
After taking into consideration this increased maximum of the private placement, the Company will have 167,251,269 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”.
For further information on Dia Bras visit www.diabras.com or contact:
Daniel Tellechea |
|
Nathalie Dion |
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.
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.
Statements about resources:
Readers are cautioned that Inferred resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, as part of a preliminary assessment, and for the economic part of this preliminary assessment, inferred resources can be included. Some mining dilution has been added. Mineral resources that are not mineral reserves have not demonstrated economic viability.