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Name - Dia Bras Exploration Inc
Website -
Symbol - DIB.RT
Cusip Number - 25244F 12 5 
Expiry Date - May 13, 2010
News Releases

Dia Bras Exploration rights offering

2010-04-07 16:32 ET - Rights Offering

Basis of offering: One right will be issued for each share held; four rights exercisable for one common share at 17 cents per share
Record date: April 16, 2010
Shares trade ex-rights: April 14, 2010
Rights called for trading: April 14, 2010
Rights trade for cash: May 10, 2010
Rights cease trading: May 13, 2010, at 12 p.m. EDT (noon)
Rights expire: May 13, 2010, at 4 p.m. EDT
Rights trading symbol: DIB.RT
Rights Cusip No.: 25244F 12 5
Authorized jurisdictions: Quebec, British Columbia, Alberta and Ontario

For further details, please refer to the company's rights offering circular dated April 1, 2010..

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Explanation

Rights

Rights give existing shareholders a chance to proportionately buy shares in the new issue the company is putting out to raise more funds. The certificate showing this privilege is called a right.  It  gives the stockholders the first opportunity,  to buy the new securities.

Rights issue

An offer made by a  company to its shareholders to enable them to buy new shares in the company at a discount to the market price.

 

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