News ReleaseAny comments....can't be a good thing to have one Fund with so much control over DIB, can it??
Dia Bras investor Arias now holds 51.6% Dia Bras shares
Ticker Symbol: C:DIB
Dia Bras investor Arias now holds 51.6% Dia Bras shares
Dia Bras Exploration Inc (C:DIB)
Shares Issued 305,367,360
Last Close 11/12/2009
.22
Friday November 13 2009 - News Release
Mr. Alberto Arias reports
ARIAS RESOURCE CAPITAL FUND L.P. EXERCISES WARRANTS AND INCREASES POSITION IN DIA BRAS EXPLORATION INC.
Arias Resource Capital Fund LP, following the exercise of warrants, has acquired 27,272,727 fully paid and non-assessable common shares ("Common Shares") of Dia Bras Exploration Inc. (TSX-V: DIB) (the "Company") at a price of C
.11 per Common Share for an aggregate exercise price of approximately $3,000,000. This transaction brings the Fund's aggregate holdings of Company Common Shares to 182,597,454, representing approximately 51.6% of the Company's issued and outstanding Common Shares as of October 1, 2009. In addition, following this transaction the Fund holds warrants exercisable for an additional 117,508,500 Common Shares at exercise prices ranging from C
.10 per share to C
.20 per share. The Fund's Common Shares and warrants represent approximately 63.7% of the issued capital of the Company calculated on a partially diluted basis.
The Fund acquired the Common Shares for investment purposes and may in the future increase or decrease its ownership of securities of the Company from time to time depending upon the business and prospects of the Company and future market conditions.
? 2009 Canjex Publishing Ltd.