Arian Silver Corp Placing to raise GBP600,000 to finance exploration
July 13 2017 - 1:00AM
UK Regulatory
TIDMAGQ
ARIAN
SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
13 July 2017
Placing to raise GBP600,000 to finance additional exploration
Arian Silver Corporation ("Arian Silver" or the "Company") is pleased to
announce that it has raised GBP600,000, before expenses, through the placing of
120 million units ("Units") of 0.5p each ("the Placing") through its broker
Beaufort Securities Limited ("Beaufort").
Each Unit comprises one new common share ("Placing Share") and one new share
warrant ("Warrant"), which entitles the holder to subscribe for one new common
share at a price of 0.6p. 12 million Warrants will be issued to Beaufort, each
at an exercise price of 0.6p. The expiry date of each Warrant will be two years
from the date of admission of the Placing Shares to trading on AIM.
The Company intends to use the proceeds of the Placing to further advance
exploration of its mining concessions in Zacatecas, Mexico, and specifically to
further seek and assess the prospect of acquiring additional lithium projects,
some of which are currently being negotiated, as previously stated.
Jim Williams, Chief Executive Officer of Arian Silver, commented, "this
additional capital can be immediately deployed to extend the exploration of the
three lithium projects over which we have an option to acquire, and also to
seek additional projects in the vicinity which we believe could host
significant deposits of lithium."
The Placing is conditional on the Shares being admitted to trading on AIM
("Admission"). Application will be made to the London Stock Exchange for the
120,000,000 Shares to be admitted to trading on AIM. Admission of the Placing
Shares is expected to become effective at 8:00am on or around 27 July 2017.
Following Admission and assuming no exercise of share options or warrants prior
to that date, the Company will have 423,694,941 common shares of no par value
in issue. The Company has no shares in treasury, therefore the figure of
423,694,941 should be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change of their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.
For further information please contact:
Arian Silver Corporation Northland Capital Partners Limited
Jim Williams, CEO Gerry Beaney / David Hignell / Jamie
David Taylor, Company Secretary Spotswood
Tel: +44 (0)20 7887 6599 Tel: +44 (0)203 861 6625
OR OR
Beaufort Securities Limited Yellow Jersey PR Limited
Jon Belliss Charles Goodwin / Harriet Jackson
Tel: +44 (0)20 7382 8300 Tel: +44 (0)7747 788 221
END
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July 13, 2017 02:00 ET (06:00 GMT)
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