By Devika Patel
Knoxville, Tenn., March 24 - Dia Bras Exploration Inc. announced it will now raise up to C$1.98 million in a private placement of units. The deal priced for C$1.85 million on March 11.
The company now plans to sell 36 million units at C$0.055 apiece. Each unit consists of one common share and a warrant. The warrants are exercisable at C$0.11 for one year.
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$1.98 million
|
| Units: | 36 million
|
| Price: | C$0.055
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.11
|
| Pricing date: | March 11
|
| Upsized: | March 24
|
| Stock symbol: | TSX Venture: DIB
|
| Stock price: | C$0.06 at close March 10
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
