Dia Bras, Favorable Court Decision on its Bolivar III and IV Mining Concessionsadmin
Dia Bras Exploration Inc. announced that a Civil Court in the District of Chihuahua in Mexico has decided in favour of Dia Bras Mexicana, S.A. de C.V., the Company’s subsidiary, in the legal dispute regarding Bolivar III and IV.
In 2005, a personal action was filed in Mexico against DBM by an individual claiming the annulment and revocation of the purchase contracts of two mining concessions, Bolivar III and IV, entered into between DBM and Mr. Javier Octavio Bencomo Munoz and Minera Senda de Plata, S.A. de C.V. Following the notification of said claim against DBM, a defense was filed based on the questionable legal standing of the claimant to file a lawsuit on behalf of the former owner. The decision rendered on January 22nd by a Civil Court in the District of Chihuahua determined that the claim was unfounded. The claimant has a nine-day period to appeal the decision.
Dia Bras is a Canadian exploration mining company focused on precious and base metals in the State of Chihuahua, in northern Mexico. The Company is committed to developing and adding value to its assets – the Bolivar copper-zinc project and the Cusi silver mining camp. The Company trades on the TSX Venture Exchange under the symbol “DIB”.