Dia Bras Announces Closing of Acquisition of 92% of the Voting Shares of Sociedad Minera Corona S.A.

- May 27th, 2011

Dia Bras Exploration Inc. (CVE:DIB) announced it has completed the acquisition of 29,377,015 voting shares in Sociedad Minera Corona SA (LIN:MINCORC1).

Dia Bras Exploration Inc. (TSXV:DIB) announced it has completed the acquisition of 29,377,015 voting shares in Sociedad Minera Corona SA (LIN:MINCORC1).

The press release is quoted as saying:

In connection with the Acquisition, the Company and Dia Bras Perú also entered into a credit agreement (the “Credit Agreement”) with Banco de Credito del Perú (“BCP”) pursuant to which BCP has provided to Dia Bras Perú a US$150 million credit facility (the “BCP Facility”) for the purpose of funding a portion of the Acquisition purchase price.

Click here to read the entire press release.

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