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Dia Bras Exploration Incorporated


 

Dia Bras and EXMIN Receive Final Approval for Arrangement - Zibb.com

Dia Bras Exploration Inc. (TSX VENTURE: DIB) and EXMIN Resources Inc. (TSX VENTURE: EXM) announced today that the British Columbia Supreme Court has issued a final order approving the arrangement between Dia Bras and EXMIN. At an annual and special meeting of EXMIN shareholders held on September 24, 2009, EXMIN shareholders voted 96% in favour of the Arrangement. The arrangement was also approved by a simple majority of votes cast by EXMIN Shareholders at the meeting, excluding the votes attached to EXMIN common shares owned by Karl J. Boltz (President and Chief Executive Officer of EXMIN) and Dr. Craig Gibson (Executive Vice-President - Exploration of EXMIN).

Pursuant to the arrangement, EXMIN shareholders will receive Dia Bras shares based on an exchange ratio of 0.2040 of a Dia Bras share for each EXMIN share (the "Exchange Ratio"), subject to adjustment as set forth in the arrangement agreement between Dia Bras and EXMIN dated August 18, 2009. The final Exchange Ratio is expected to be set on Monday September 28, 2009. In addition, all outstanding options and warrants to purchase EXMIN shares will be exchanged for replacement options and warrants to purchase Dia Bras shares and will be exercisable to purchase that number of Dia Bras shares at an exercise price each determined by reference to the Exchange Ratio.

Dia Bras and EXMIN expect to close the transaction on September 30, 2009. Registered EXMIN shareholders will be required to validly deposit their EXMIN common share certificates with a validly completed letter of transmittal in order to receive Dia Bras common shares. A letter of transmittal was mailed to shareholders in August, 2009. Details of the process are set forth in EXMIN's management information circular dated August 24, 2009, a copy of which is available at www.sedar.com.

About Dia Bras

Dia Bras is a Canadian exploration mining company focused on precious and base metals in the State of Chihuahua, in northern Mexico. The Company is committed to developing and adding value to its assets - the Bolivar copper-zinc project and the Cusi silver mining camp. The Company trades on the TSX Venture Exchange under the symbol "DIB".

About EXMIN

EXMIN Resources Inc. is currently focused on the exploration and development of precious metal properties of significant merit in the Sierra Madre gold belt of Northwestern Mexico. For further information, visit EXMIN on the internet: www.exmin.com or Email EXMIN at: info@exmin.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

EXMIN Resources Inc. (EXMIN) and Dia Bras Exploration Inc. (Dia Bras) have taken all reasonable care in producing and publishing information contained in this news release. Material in this news release may still contain technical inaccuracies, omissions or typographical errors, for which EXMIN or Dia Bras assume no responsibility. This news release may include certain "forward-looking statements" including but not limited to comments regarding predictions and projections. All statements, other than statements of historical fact, included in this news release, including, without limitation, statements regarding potential mineralization, exploration results, and future plans and objectives of EXMIN and/or Dia Bras, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations are disclosed in documents filed from time to time with the regulatory authorities.

Contacts:
Dia Bras Exploration
Daniel Tellechea
President & CEO
514-393-8875

Dia Bras Exploration
Nathalie Dion
Investor Relations
514-393-8875
www.diabras.com

EXMIN Resources Inc.
Karl J. Boltz
President & CEO
1-866-493-9646


SOURCE: Dia Bras Exploration Inc. and EXMIN Resources Inc.

http://www.diabras.com

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Tags: canada   ceo   copper   email   executive   exercise   exploration   gold   metals   mexico   mining   president   publishing   silver   supreme court   zinc  

Companies: Dia Bras Exploration Inc. (DBEXF), Dia Bras Exploration Inc. (DIB), EXMIN Resources Inc (EXM)

 

Dia Bras Exploration Inc.: Fatal Accident at the Bolivar Mine - Zibb.com

Dia Bras Exploration Inc. (TSX VENTURE: DIB) regrets to announce that two miners died in a fatal accident that occurred on Saturday, September 26 at its Bolivar Mine, in Chihuahua, Mexico. Management is working with local authorities in the investigation of the accident.

"This type of terrible incident should never happen. We will look into this tragic incident to find out what happened and see if any changes need to be made to our safety practices or policies," said Daniel Tellechea, President and CEO, Dia Bras Exploration.

The Board of Directors and Management of the Company extend their deepest sympathy to the family, friends and work colleagues of the deceased.

About Dia Bras

Dia Bras is a Canadian exploration mining Company focused on precious and base metals in the State of Chihuahua, in northern Mexico. The Company is committed to developing and adding value to its assets - the Bolivar copper-zinc project and the Cusi silver mining camp. The Company trades on the TSX Venture Exchange under the symbol "DIB". For further information on Dia Bras visit www.diabras.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

Except for statements of historical fact all statements in this news release without limitation regarding new projects acquisitions future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Contacts:
Dia Bras Exploration
Daniel Tellechea
President & CEO
514-393-8875

Dia Bras Exploration
Thomas L. Robyn
Chairman
514-393-8875


SOURCE: Dia Bras Exploration Inc.

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Tags: accident   acquisition   bolivar   canada   ceo   copper   exploration   local   metals   mexico   mining   president   silver   zinc  

Companies: Dia Bras Exploration Inc. (DBEXF), Dia Bras Exploration Inc. (DIB)

 

Web Sites

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Dia Bras Exploration Inc. - DIB Montreal QC CAN

Gold and base metal explorer in Mexico. In August 2003, Dia Bras secured a licence for use of the Nichromet metallurgical extractive technology in Mexico.

http://www.intierra.com/html/companies/Dia%20Bras%20Exploration%20Inc..htm

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Driving to the Gold Rush - New York Times

www.nytimes.com

MAGUARICHIC, Mexico — In these mountains, where conquistadors once ... Dia Bras Exploration Incorporated Add Alert; North American Free Trade Agreement Add Alert

http://www.nytimes.com/2008/02/20/business/worldbusiness/20gold.html

Driving to the Gold Rush - New York Times

www.nytimes.com

MAGUARICHIC, Mexico — In these mountains, where conquistadors once ... Dia Bras Exploration Incorporated Add Alert; North American Free Trade Agreement Add Alert

http://www.nytimes.com/2008/02/20/business/worldbusiness/20gold.html?ex=1361250000&en=358a26c074c380cd&ei=5090

Mining Engineering Results from the Metals Industry

www.zibb.com

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Mines & Mining by Minerals Results from the Metals Industry

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Need a Quality Search Engine? For all your business needs. Try Us ... Dia Bras Exploration Incorporated (2) Eldorado Gold Corporation (55) Energy Metals Corporation (2)

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