/FOR DISSEMINATION IN CANADA AND OVER CANADIAN NEWS SERVICES ONLY./
TORONTO, June 11 /CNW/ - Arias Resource Capital Fund L.P. (the "Fund"),
announced that it acquired 18,010,400 units of Dia Bras Exploration Inc.
(TSX-V: DIB) (the "Company") at a price of C$0.05 per unit (each a "Unit"), by
way of a non-brokered private placement transaction that closed on June 1,
2009 and June 8, 2009. The breakdown of the acquired units are as follows:
13,046,400 units were acquired on June 1, 2009 and 4,964,000 units were
acquired on June 8, 2009. Each Unit is comprised of one common share of the
Company (a "Common Share") and one Common Share purchase warrant (each a
"Warrant") exercisable for one Common Share at an exercise price of $0.10 per
share at any time during the thirty month period following the closing date.
Taking into account the closing of the private placement transaction, the
Company now has 221,474,487 Common Shares issued and outstanding. The
18,010,400 Common Shares acquired by the Fund represent 8.13% of such
outstanding shares. The Fund now owns a total of 85,639,127 Common Shares
representing approximately 38.67% of the issued and outstanding Common Shares.
The Fund also owns an aggregate of 75,095,627 warrants each exercisable for
one Common Share at exercise prices ranging from C$0.10 per share to C$0.20
per share. The Fund's Common Shares and warrants represent approximately
54.20% the issued capital of the Company calculated on a partially diluted
The Fund acquired the Common Shares and Warrants 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.
The dissemination of this release in the United States or to any United
States news service may constitute a violation of U.S. securities laws.
For further information:
For further information: Guillermo Kaelin, Vice-President, phone: (212)
266-8603, fax: (212) 266-8615, e-mail: firstname.lastname@example.org