ARIAN
SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
13 July
2017
Placing to raise
£600,000 to finance additional exploration
Arian Silver Corporation (“Arian Silver” or the “Company”) is
pleased to announce that it has raised £600,000, 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
Jim Williams, CEO
David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599 |
Northland Capital Partners
Limited
Gerry Beaney / David Hignell / Jamie Spotswood
Tel: +44 (0)203 861 6625 |
OR |
OR |
Beaufort Securities Limited
Jon Belliss
Tel: +44 (0)20 7382 8300 |
Yellow Jersey PR Limited
Charles Goodwin / Harriet Jackson
Tel: +44 (0)7747 788 221 |