Miner Wraps up Share Placement

Dia Bras Exploration, a Toronto-listed Peruvian miner, has completed a CAD45m ($44m) share placement, it says. It sold a brokered portion of 2.6m common shares and a non-brokered portion of 12.4m common shares, done at CAD3.00 each. The non-brokered portion went to Arias Resources, an an existing shareholder which now owns 48.4% of Dia Bras. RBC led the sale, along with Continental Bolsa, Scotia, Credibolsa, Canaccord Genuity and Dundee Securities managed the brokered portion. Proceeds are marked for development of projects in Peru and Mexico.