Arias Resource Capital Fund L.P. increases position in Dia Bras Exploration Inc.


    TORONTO, June 22 /CNW/ - Arias Resource Capital Fund L.P. (the "Fund"),
announced that it acquired 3,685,600 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 18,
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 232,640,087 Common Shares issued and outstanding. The
3,685,600 Common Shares acquired by the Fund represent 1.58% of such
outstanding shares. The Fund now owns a total of 89,324,727 Common Shares
representing approximately 38.40% of the issued and outstanding Common Shares.
The Fund also owns an aggregate of 78,781,227 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
53.98% 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:

Organization Profile

Arias Resource Capital Fund L.P.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890