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Trading Symbols
AIM: AGQ
TSX-V:
AGQ
FWB: I3A
LONDON, Nov. 30, 2015
/CNW/ - Arian Silver Corporation (the "Company"), a silver mining
company focussed on silver projects in the silver belt of
Zacatecas, Mexico, announces that
it has applied for voluntary delisting of the common shares of the
Company ("Shares") from the TSX Venture Exchange ("TSXV"). The
Shares are currently listed for trading on the TSXV and AIM.
The directors of the Company believe that the minimal trading
activity of the Company's common shares on the TSXV no longer
justifies the expense and administrative requirements associated
with maintaining this dual listing, and that the Company's
continuing AIM listing will provide its shareholders with a
sufficiently liquid market upon the resumption of trading on
AIM.
Subject to its application being accepted by the TSXV, it is
expected that the Shares will be delisted from the TSXV at the
close of trading 1 December 2015,
with the Shares continuing to trade on AIM under the ticker "AGQ"
upon the release of the trading suspension.
Implications of the delisting for shareholders on the
Canadian register
Following delisting from the TSXV, the
Company will also be closing its Canadian share register and
replacing it with a new share register in the British Virgin Islands ("BVI") maintained by
Computershare Investor Services (BVI) Limited (the "BVI
Register").
The Company's Canadian share register will, however, remain open
until 30 January 2016 in order to
enable shareholders and Canadian Depository for Securities ("CDS")
participants currently on the Canadian register to request, if they
wish, to have depositary interests ("DIs") in respect of their
holdings issued to a broker/nominee within CREST, the United Kingdom ("UK") settlement system.
The Company is incorporated in the British Virgin Islands and its Shares are
quoted on AIM in London. The
Company uses DIs to enable electronic transfer and settlement
within CREST for trading of its Shares on AIM.
If CDS participants or shareholders on the Canadian register
have not activated a DI issuance request by 30 January 2016, their holding will be
automatically moved to a certificated holding on the BVI Register
and they will be sent a new physical share certificate. Canadian
share certificates previously issued will become null and void at
such time. Following delisting from the TSXV, shareholders trading
their holdings not held in the form of DIs within CREST may
encounter delays or additional expense.
Shareholders whose holdings are already held within CREST in the
form of DIs, or who wish to receive new share certificates from the
BVI Register need not take any action.
CDS participants or those with Shares held by a broker within
CDS, who wish to have DIs issued in respect of their holdings,
should arrange for the CDS participant or broker to complete and
submit a Computershare xSettle Electronic Instruction or a
"Register Removal Request - CDS Withdrawals to UK Depositary
Interests" form to Computershare Investor Services Inc. (the
"Registrar") for the issue of DIs to their broker/nominee in CREST.
Shareholders who hold their Shares through a Canadian broker are
encouraged to contact their broker to arrange for this to
happen.
Registered shareholders with share certificates who wish to have
DIs issued in respect of their holdings, will need to open an
account with a CREST broker/nominee and complete a "Register
Removal Request - Canadian Certificate to UK Depositary Interests"
form and submit it to the Registrar together with the original
Canadian share certificate(s). Alternatively, Canadian share
certificates can be submitted to the CREST broker/nominee for them
to arrange the issuance and deposit of the DIs into CREST.
These forms are available from:
https://www-us.computershare.com/Investor/help/PrintableForms.
Shareholders are encouraged to contact Computershare Investor
Services Inc., the Company's Canadian share registrar for any
information about the delisting process on: toll free +1 866 277
2086; (or +1 781 575 4086 if dialling from outside Canada), or on: +44 (0)370 702 0000 for
shareholders in the UK.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) and no stock exchange, securities commission
or other regulatory authority accepts responsibility for the
adequacy or accuracy of this release nor approved or disapproved of
the information contained herein.
Forward-Looking Information
This press
release contains certain "forward-looking information". All
statements, other than statements of historical fact that address
activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future. This
forward-looking information reflects the current expectations or
beliefs of the Company based on information currently available to
the Company as well as certain assumptions (including in
particular, the acceptance of the application to delist from the
TSXV, the lifting of the suspension of shares on AIM and future
liquidity thereon). Any forward-looking information speaks only as
of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking information, whether as a
result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
SOURCE Arian Silver
