New Issue: Dia Bras Exploration completes C$1.48 million private placement of units

By Devika Patel

Knoxville, Tenn., June 18 - Dia Bras Exploration Inc. said it raised C$1.48 million in a private placement of units. The deal priced for C$925,520 on May 19 and was lifted to C$1.6 million on June 4.

The company sold 29,676,000 units at C$0.05 apiece. Each unit consists of one common share and a warrant. The warrants are exercisable at C$0.10 for 30 months.

Arias Resource Capital Fund LP invested C$184,280. Matterhorn Investment Management LLP invested C$200,000 and Philip Renaud bought C$108,000 of the units.

Proceeds will be used will be used to finance operations.

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$1,483,800
Units:	29,676,000
Price:	C$0.05
Warrants:	One warrant per unit
Warrant expiration:	30 months
Warrant strike price:	C$0.10
Investor:	Arias Resource Capital Fund LP (for C$184,280), Matterhorn Investment Management LLP (for C$200,000) and Philip Renaud (for C$108,000)
Pricing date:	May 19
Upsized:	June 4
Settlement date:	June 18
Stock symbol:	TSX Venture: DIB
Stock price:	C$0.06 at close May 19
Market capitalization:	C$14.2 million

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