PERTH, AUSTRALIA, Jun 13, 2006 (MARKET WIRE via COMTEX) -- DE BEIRA GOLDFIELDS INC. ("DE BEIRA" or the "Company") (OTCBB: DBGF)(FWB: D1Q) (WKN: A0JDS0) is pleased to announce it has arranged a private placement of 285,715 common shares at a price of US$17.50 per share for total gross proceeds of $5,000,000.
Reg Gillard, President, commented, "We have received tremendous interest from institutional investors and the investment community since our announcement of the completion of due diligence on Titiribi Gold / Copper project in Colombia, South America. We look forward to the announcement of the beginning of our exploration program over the coming days."
DE BEIRA will use the funds to design and implement a fast tracked work program on the Titiribi Gold project in Colombia and for general working capital.
Posts: 298 | Registered: May 2006
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you know....this is RIDICULOUS! there was no word out...the news: in Ameritrade was blank. All the normal suspects never said a word *********, Beacon, twintrader, and 20 others.
This thing went from $2.60 to $22.00+ in 30 days with barely a whisper!
and we've played 5 solid PR'd out the ying-yang stocks that should be 4X up and didn't move....confounding all.
there were only a very select few that ever got the opportunity with this one.......
the rich get rich and the poor get ulcers...Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
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