/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES/
TSX Venture Exchange - SMT
Lima Stock Exchange - SMT
TORONTO, Dec. 5, 2012 /CNW/ - The Board of Directors of Dia Bras
Exploration Inc. is pleased to announce that the corporation has
changed its name to Sierra Metals Inc. ("Sierra Metals" or the
"Company") effective December 5, 2012. Accordingly, a new website for
the Company is now online at www.sierrametals.com.
"We are very pleased with the transition Dia Bras has made to a mid-tier
mining company over the last 18 months. The rebranding of the
organization to Sierra Metals Inc. supports these developments as we
continue to expand our operations in Latin America" said Daniel Tellechea, the Company's President and CEO.
The name change was approved by the Company's shareholders at the annual
and special meeting of shareholders held in Vancouver, British Columbia
on June 29, 2012, and has also been conditionally approved by the TSX
Venture Exchange (the "TSXV"). The Company changed its corporate name
to better reflect the business which it carries on. The name change
remains subject to the final approval of the TSXV and, provided this
approval is obtained, the Company's common shares are expected to
commence trading on the TSXV under the new symbol "SMT" shortly, at the
market open on or about December 7, 2012.
Registered shareholders holding share certificates in the name of "Dia
Bras Exploration Inc." do not need to take any action regarding their
share certificates. However, at the discretion of the shareholder,
existing "Dia Bras Exploration Inc." share certificates may be
exchanged for new certificates in the name of "Sierra Metals Inc." with
Computershare Investor Services Inc., the Company's transfer agent and
registrar, on a one-for-one basis at any time.
About Sierra Metals
Sierra Metals Inc. is a Canadian mining company focused on precious and
base metals from its Yauricocha mine in Peru and its Bolivar mine in
Mexico. The Company is also advancing its Cusi silver project in Mexico
from advanced development into commercial production. In addition,
Sierra Metals is exploring several precious and base metal targets in
Peru and Mexico. Projects in Peru include Adrico (gold), Victoria
(copper-silver) and Ipillo (polymetallic) at the Yauricocha Property in
the province of Yauyos. Projects in Mexico include Bacerac (silver) in
the state of Sonora, La Verde (gold) at the Batopilas Property in the
state of Chihuahua, and Las Coloradas (silver) at the Melchor Ocampo
Property in the state of Zacatecas.
This press release does not constitute an offer to sell or solicitation
of an offer to buy the securities in the United States or any other
jurisdiction. The Common Shares will not be and have not been
registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements.
Neither the TSXV nor its Regulation Services Provider (as that term is
defined in policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release.
Except for statements of historical fact contained herein, the
information in this press release may constitute "forward-looking
information" within the meaning of Canadian securities law. Other than
statements of historical fact, all statements are "forward-looking
statements", which involve various known and unknown risk and
uncertainties and other factors, including market conditions that may
affect the Company's ability to execute its current business plan.
Actual results might differ materially from results suggested in any
forward-looking statements. The Company assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements unless and until required by securities laws applicable to
the Company. Additional information identifying risks and uncertainties
is contained in filings by the Company with the Canadian securities
regulators, which filings are available at www.sedar.com.
SOURCE: Sierra Metals Inc.
For further information:
For further information on Sierra Metals, please visit www.sierrametals.com or contact:
President & CEO
Sierra Metals Inc.
1 (866) 493‐9646
Director, Investor Relations
Sierra Metals Inc.
1 (866) 493‐9646