By Sheri Kasprzak
New York, Sept. 11 - De Beira Goldfields Inc. wrapped a $2.5 million private placement.
The company sold 1.25 million units of one share and one warrant. The price per unit represents a 90.4% premium to the company's $1.05 closing stock price on Sept. 8.
Each of the warrants is exercisable at $2.50 through Aug. 31, 2008.
Proceeds will be used for exploration on the company's South American projects.
Based in Perth, Western Australia, De Beira is a gold exploration company.
| Issuer: | De Beira Goldfields Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $2.5 million
|
| Units: | 1.25 million
|
| Price: | $2.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Aug. 31, 2008
|
| Warrant strike price: | $2.50
|
| Settlement date: | Sept. 11
|
| Stock symbol: | OTCBB: DBGFE
|
| Stock price: | $1.05 at close Sept. 8
|
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