UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported) May 23, 2006
DE BEIRA GOLDFIELDS INC. |
(Exact name of registrant as specified in its chapter) |
Nevada | 000-51707 | 00-0000000 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
1530 Duthie Avenue, Burnaby, British Columbia, Canada | V5A 2R6 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (604) 729-5091
n/a |
(Former name or former address, if changed since last report) |
INFORMATION TO BE INCLUDED IN REPORT
Item 8.01. Other Events.
On May 19, 2006, De Beira Goldfields Inc. announced the launch of its new corporate website www.debeira.com. A press release regarding this private placement was issued on May 19, 2006. A copy of this press release is attached as Exhibit 99.1 and hereby incorporated by reference.
On May 22, 2006, De Beira Goldfields Inc. arranged a private placement to raise $1.5 million at $3.80 per share. A press release regarding this private placement was issued on May 22, 2006. A copy of this press release is attached as Exhibit 99.2 and hereby incorporated by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit | Description | |
99.1 | Press release dated May 19, 2006 announcing the launch of the corporate website | Included |
99.2 | Press release dated May 22, 2006 announcing the $1.5 million private placement at $3.80 per share | Included |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, De Beira Goldfields Inc. has caused this report to be signed on its behalf by the undersigned duly authorized person.
DE BEIRA GOLDFIELDS INC.
By: /s/ Reg Gillard
Dated: May 23, 2006
Reg Gillard - CEO & President
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EXHIBIT 99.1
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DE BEIRA GOLDFIELDS INC.
1530 Duthie Avenue
Burnaby, British Columbia, Canada V5A 2R6
Tel: (604) 518-4505 - Fax: (604) 629-0728
Press Release
DE BEIRA LAUNCHES NEW WESBITE FOR SHAREHOLDER INFORMATION
Burnaby, British Columbia, Canada - May 19, 2006 - DE BEIRA GOLDFIELDS INC. (“DE BEIRA” or the “Company”) (NASD OTCBB: DBGF; Frankfurt: D1Q; WKN: A0JDS0) is pleased to announce the launch of it’s new corporate website www.debeira.com. The new website was designed to give the investing public easy access to all important information regarding the Company and it’s current projects. Users can access the website at www.debeira.com and choose between the English and German languages.
About DE BEIRA GOLDFEILDS 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.
The Copmay has recently entered into an agreement to earn up to 70% interest in the Titiribi Gold / Copper project in Colombia, South America. The agreement with the Goldplata Group of companies allows De Beira to earn an initial interest of 65% by sole funding US$8 million exploration expenditure within a 3 year period. After earning 65%, De Beira can elect to sole fund further expenditure in order to earn another 5% (giving it a total interest of 70%). The additional interest will be earned upon the earlier of completing a bankable feasibility study or spending a further US$12 million, both within a period of no more than 3 years.
The Titiribi Mining District is located 70km southeast of Medellin, Colombia. It comprises an important historic gold - silver producing region with excellent infrastructure and a mining history extending over the last 200 years.
Mining operations focussed historically on high grade (>15g/t Au) gold - silver replacement mantos and fault controlled veins hosted within sedimentary rocks.
Limited modern exploration was undertaken by various companies (Ace Resources Ltd and Goldfields of South Africa) who during the period of sub US$300 gold price delineated a low grade Au-Cu resource. Goldfields drilled 2,500m and estimated a drill indicated resource (not to F43 101) of 220 million tonnes @ ~ 1g/t Au (Au + Cu equivalent) for ~ 7 million oz (porphyry associated Au-Cu-Ag-Mo mineralisation).
As an exploration project the Titiribi area can be considered an under explored, district scale mineral system with a long term proven high grade production history. As high grade (>15g/t Au) mining ceased in the late 1930s’, there is significant potential, with modern methods, to delineate resources with grades of up to 5 g/t Au which in present circumstances could be converted to mineable deposits.
The Company has identified several target zones for an immediate drilling program, and expects to fast track the drilling programs subject to completion of a 30 day due diligence period.
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This Press Release may contain, in addition to historical information, forward-looking statements. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Please refer to DE BEIRA’s filings with the Securities and Exchange Commission for a summary of important factors that could affect DE BEIRA’s forward-looking statements. DE BEIRA undertakes no obligation to revise these statements following the date of this press release.
DE BEIRA GOLDFEILDS INC.
Per: “Reg Gillard”
Reg Gillard, Director
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EXHIBIT 99.2
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DE BEIRA GOLDFIELDS INC.
30 Ledgar Road, Balcatta 6021
Perth, Western Australia, Australia
Tel: +61 (08) 9240 1377 - Fax: +61 (08) 9240 2406
Press Release
DE BEIRA ARRANGES US$1,500,000 FINANCING at US$3.80 per share
Perth, Western Australia, Australia - May 22, 2006 - DE BEIRA GOLDFIELDS INC. (“DE BEIRA” or the “Company”) (NASD OTCBB: DBGF; Frankfurt: D1Q; WKN: A0JDS0) is pleased to announce it has arranged a private placement of 394,736 common shares at a price of US$3.80 per share for total gross proceeds of $1,500,000.
Reg Gillard, President, commented, "We are very pleased to arrange a financing at a premium to the current market price of our stock. We have received tremendous interest from the investment
community since our announcement of the MOU to acquire the Tititibi Gold / Copper project in Colombia, South America.”
DE BEIRA will use the funds to complete the due diligence and acquisition of the Titiribi Gold project in Colombia and for general working capital.
About DE BEIRA GOLDFEILDS 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.
The Company has recently entered into an agreement to earn up to 70% interest in the Titiribi Gold / Copper project in Colombia, South America. The agreement with the Goldplata Group of companies allows De Beira to earn an initial interest of 65% by sole funding US$8 million exploration expenditure within a 3 year period. After earning 65%, De Beira can elect to sole fund further expenditure in order to earn another 5% (giving it a total interest of 70%). The additional interest will be earned upon the earlier of completing a bankable feasibility study or spending a further US$12 million, both within a period of no more than 3 years.
The Titiribi Mining District is located 70km southeast of Medellin, Colombia. It comprises an important historic gold - silver producing region with excellent infrastructure and a mining history extending over the last 200 years.
Mining operations focussed historically on high grade (>15g/t Au) gold - silver replacement mantos and fault controlled veins hosted within sedimentary rocks.
Limited modern exploration was undertaken by various companies (Ace Resources Ltd and Goldfields of South Africa) who during the period of sub US$300 gold price delineated a low grade Au-Cu resource. Goldfields drilled 2,500m and estimated a drill indicated resource (not to F43 101) of 220 million tonnes @ ~ 1g/t Au (Au + Cu equivalent) for ~ 7 million oz (porphyry associated Au-Cu-Ag-Mo mineralisation).
As an exploration project the Titiribi area can be considered an under explored, district scale mineral system with a long term proven high grade production history. As high grade (>15g/t Au) mining ceased in the late 1930s’, there is significant potential, with modern methods, to delineate resources with grades of up to 5 g/t Au which in present circumstances could be converted to mineable deposits.
The Company has identified several target zones for an immediate drilling program, and expects to fast track the drilling programs subject to completion of a 30 day due diligence period.
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This Press Release may contain, in addition to historical information, forward-looking statements. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Please refer to DE BEIRA’s filings with the Securities and Exchange Commission for a summary of important factors that could affect DE BEIRA’s forward-looking statements. DE BEIRA undertakes no obligation to revise these statements following the date of this press release.
DE BEIRA GOLDFEILDS INC.
Per: “Reg Gillard”
Reg Gillard, Director
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