SEPTEMBER 11, 2006 - 00:00 ET
De Beira Goldfields Inc.: Completion of Capital Raising
PERTH, WESTERN AUSTRALIA--(CCNMatthews - Sept. 11, 2006) - DE BEIRA GOLDFIELDS INC. (OTCBB:DBGFE.OB)(FWB:D1Q)(WKN:A0JDS0): De Beira Goldfields Inc is pleased to confirm that it completed a capital raising of USD$2,500,000 on August 30, 2006.
The Company completed a private placement of 1,250,000 units at a price of $2.00 per unit for gross proceeds of $2,500,000. Each unit consists of one common share and one common share purchase warrant. Each share purchase warrant entitles the holder to acquire one additional common share at an exercise price of $2.50 per share for a period of two years expiring August 31, 2008. The funds will be used for exploration on the Company's South American projects.
DE BEIRA GOLDFIELDS INC.
Per: "Reg Gillard"
Reg Gillard, President
About DE BEIRA GOLDFIELDS INC.
DE BEIRA is a Nevada based mineral exploration company. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio. It is exploring for copper, gold and silver in Ecuador, Colombia and Peru.
CONTACT INFORMATION
De Beira Goldfields Inc.
Reg Gillard
Director
+61 (08) 9240 1377
+61 (08) 9240 2406 (FAX)
www.debeira.com
INDUSTRY