Mariana Resources Ltd Mariana Resources Ltd : Issue Of Equity- Warrant Exercise
27 July 2016 - 4:00PM
UK Regulatory
TIDMMARL
AIM: MARL
TSXV: MRA Suite 102, 3 Eden Street
27 July 2016 North Sydney, NSW 2060
Australia
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Issue of Equity- Warrant Exercise
Mariana Resources Ltd ("Mariana" or the "Company"), the AIM and TSXV
listed exploration and development company with projects in Turkey and
South America, announces that 25,000 warrants, relating to the October
2015 Private placement, exercisable into ordinary shares at the
consolidated figure of 30p each have been exercised and funds have been
received.
The Company will issue and allot 25,000 new ordinary shares.
Admission to AIM
Application has been made to the London Stock Exchange for the new
ordinary shares to be admitted to trading on AIM. Dealings are expected
to commence on or about 1 August 2016 ("Admission").
Following Admission, there will be a total of 119,956,827 ordinary
shares on issue.
**ENDS**
For further information please visit website at www.marianaresources.com
or contact the following.
In Australia:
Glen Parsons (CEO) Mariana Resources Ltd +61 2 9437 4588
Eric Roth (COO) Mariana Resources Ltd +56 9 8818 1243
Rob Adamson RFC Ambrian Limited (Nomad) +61 2 9250 0041
Will Souter RFC Ambrian Limited (Nomad) +61 2 9250 0050
In U.K.
Oliver Stansfield Brandon Hill Capital (UK Broker) +44 20 3463 5061
Jonathan Evans Brandon Hill Capital (UK Broker) +44 20 3463 5016
Camilla Horsfall Blytheweigh (Financial PR) +44 20 7138 3224
Megan Ray Blytheweigh (Financial PR) +44 20 7138 3203
About Mariana Resources
Mariana Resources Ltd is an AIM quoted exploration and development
company with an extensive portfolio of gold, silver and copper projects
in South America and Turkey.
Mariana's most advanced asset is the Hot Maden gold-copper project in
north east Turkey, which is a joint venture with its Turkish JV partner
Lidya (30% Mariana and 70% Lidya). A maiden mineral resource estimate of
2.03 Moz gold Equivalent (Indicated Category) and 0.97 Moz gold
Equivalent (Inferred Category) (100% basis) was reported for Hot Maden
on August 18, 2015. Elsewhere in Turkey, Mariana holds a 100% interest
in the Ergama gold-copper project.
In Suriname, Mariana has a direct holding of 10.2% of the Nassau Gold
project.) The Nassau Gold Project is a 28,000 Ha exploration concession
located approximately 125 km south east of the capital Paramaribo and
immediately adjacent to Newmont Mining's 4.2Moz gold Merian project.
In southern Argentina, the Company's core gold-silver projects are Las
Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal
(100%). These projects are part of a 160,000+ Ha land package in the
Deseado Massif epithermal gold-silver district in mining-friendly Santa
Cruz Province. Mariana acquired 100% interests in the Doña Ines
gold-silver and Exploradora East copper prospects in northern Chile
through the Aegean Metals Group transaction which closed in January,
2015, with Mariana exploration now being funded by Asset Chile through
the provision of $1.65m for a total 50% interest.
In Peru, Mariana is focusing on acquiring new opportunities which
complement its current portfolio.
Safe Harbour
This press release contains certain statements which may be deemed to be
forward-looking statements. These forward-looking statements are made
as at the date of this press release and include, without limitation,
statements regarding discussions of future plans, the realization, cost,
timing and extent of mineral resource estimates, estimated future
exploration expenditures, costs and timing of the development of new
deposits, success of exploration activities, permitting time lines, and
requirements for additional capital. The words "plans", "expects",
"budget", "scheduled", "estimate", "forecasts", "intend", "anticipate",
"believe", "may", "will", or similar expressions or variations of such
words are intended to identify forward-looking statements.
Forward-looking statements are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause actual
results to vary materially from those expressed or implied by such
forward-looking statements, including, but not limited to: the effects
of general economic conditions; the price of gold, silver and copper;
misjudgements in the course of preparing forward-looking statements;
risks associated with international operations; the need for additional
financing; risks inherent in exploration results; conclusions of
economic evaluations; changes in project parameters; currency and
commodity price fluctuations; title matters; environmental liability
claims; unanticipated operational risks; accidents, labour disputes and
other risks of the mining industry; delays in obtaining governmental
approvals or in the completion of development or construction
activities; political risk; and other risks and uncertainties described
in the Company's annual financial statements for the most recently
completed financial year which is available on the Company's website at
www.marianaresources.com . Although we believe that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions and have attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated
in such forward-looking statements. Accordingly, readers are cautioned
not to place undue reliance on forward-looking statements. We do not
undertake to update any forward-looking statements, except in accordance
with applicable securities laws.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Mariana Resources Ltd via Globenewswire
HUG#2030904
http://www.marianaresources.com/index.php
(END) Dow Jones Newswires
July 27, 2016 02:00 ET (06:00 GMT)
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