PRESS RELEASE FROM CNW GROUP
Dia Bras Announces Termination Of Letter Of Intent To Acquire Plexmar
Friday, June 15, 2012
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TSX Venture Exchange - DIB
Bolsa de Valores de Lima - DIB
TORONTO, June 15, 2012 /CNW/ - Dia Bras Exploration Inc. (TSX-V:DIB) (BVL:DIB) ("Dia Bras"), a Canadian mining company focused on precious and base metals in Peru and Mexico, announces that the letter of intent dated April 17, 2012 between Dia Bras and Plexmar Resources Inc., previously announced on April 23, 2012, has been terminated in accordance with its terms.
Daniel Tellechea, President and CEO of Dia Bras, commented: "After a thorough due diligence process on Plexmar Resources, we believe that this acquisition does not meet our investment criteria and development strategy under the terms of the Letter of Intent."
