By Sheri Kasprzak
Atlanta, Nov. 23 - Dia Bras Exploration Inc. wrapped up a C$9.001 million private placement, a deal that closed at a smaller size than the company's originally announced offering.
Dia Bras sold 12,002,068 units at C$0.75 for a total of C$9,001,551. The units consist of one share and one warrant. Each warrant allow for an additional share at C$0.90 for two years.
On Nov. 4, the company announced that it planned to raise C$10.7 million from 14,266,667 units under the same terms. The warrants in the deal, however, had been reduced in price from C$1 by closing.
Based in Montreal, Dia Bras is a precious and base metals exploration company focused on properties in Chihuahua, Mexico.
| Issuer: | Dia Bras Exploration Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$9,001,551
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| Shares: | 12,002,068 units
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| Price: | C$0.75
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.90
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| Announcement date: | Nov. 4
|
| Settlement date: | Nov. 23
|
| Stock price: | C$0.69 at close Nov. 4
|
| Stock price: | C$0.66 at close Nov. 23
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