Main shareholder of Dia Bras (DIB.v), ARC Fund, has just exercised its 15c warrants on the company (and you can bet the farm ARC won't be selling, too).
Dia Bras Exploration Inc. (DIB) | As of March 24th, 2010 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| Mar 24/10 | Mar 23/10 | Arias Resource Capital Fund L.P. | Direct Ownership | Common Shares | 54 - Exercise of warrants | 7,000,000 | $0.150 |
| Mar 24/10 | Mar 23/10 | Arias Resource Capital Fund L.P. | Direct Ownership | Warrants |  54 - Exercise of warrants | -7,000,000 | $0.150 |
This adds $1.05m to the company treasury and more interestingly adds more % holding of shares out to DIB just before it runs its rights issue (if you hadn't worked it out already, the lower the share price the better for ARC Fund on the rights...just sayin').
Disclosure: Long DIB and staying long. A company with a great future (esp at current prices).