By Devika Patel
Knoxville, Tenn., Oct. 21 - Dia Bras Exploration Inc. said it will take in C$2 million in a non-brokered private placement of units.
The company will sell 25 million units of one common share and one warrant at C$0.08 apiece on a best efforts basis. The warrants are exercisable at C$0.20 for two years.
Proceeds will be used for general corporate purposes and working capital.
Based in Montreal, Dia Bras is a precious and base metals exploration company.
| Issuer: | Dia Bras Exploration Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2 million
|
| Units: | 25 million
|
| Price: | C$0.08
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 21
|
| Stock symbol: | TSX Venture: DIB
|
| Stock price: | C$0.07 at close Oct. 21
|
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