By Jennifer Chiou
New York, June 4 - Dia Bras Exploration Inc. said it raised its private placement of units to C$1.6 million from C$925,520.
The company will sell up to 32 million units of one common share and one warrant at C$0.05 each.
Each warrant is good for one additional share at a price of C$0.10 per share during the 30 months following the hold period.
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 a warrant
|
| Amount: | C$1.6 million (upsized from C$925,520)
|
| Units: | 32 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 30 months
|
| Warrant strike price: | C$0.10
|
| Announcement date: | May 19
|
| Upsized: | June 4
|
| Stock symbol: | TSX Venture: DIB
|
| Stock price: | C$0.06 at close June 4
|
| Market capitalization: | C$11.16 million
|
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