Arian Silver Issue of Shares
(firmenpresse) - LONDON, ENGLAND -- (Marketwired) -- 07/12/13 -- Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE: AGQ)(AIM: AGQ)(FRANKFURT: I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the Company has drawn down GBP 130,110 of its GBP 5 million Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("YA"), as announced by the Company on 27 September 2012.
Under the terms of the SEDA, the Company has allotted, conditional on admission, 3,216,563 Common Shares of no par value to YA at a price of GBP 0.04045 per share. This price is calculated under the terms of the SEDA.
The proceeds will contribute to working capital and other costs in the short-term, facilitating the acquisition of the El Bote mill, as announced on 15 March 2013.
An application has been made to the London Stock Exchange for 3,216,563 Common Shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00 a.m. on 18 July 2013. The new Common Shares will rank pari passu in all respects with the existing Common Shares. GBP 2,720,090 remains available to the Company under this SEDA.
Following this share issue the Company has in issue 326,011,350 Common Shares with voting rights.
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.
Contacts:
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7887 6599
Arian Silver Corporation
David Taylor
Company Secretary
(London) +44 (0)20 7887 6599
Grant Thornton Corporate Finance
Philip Secrett / David Hignell
(London) +44 (0)20 7383 5100
Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
XCAP Securities PLC
Jon Belliss
(London) +44 (0)20 7101 7070
CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 239
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Unternehmensinformation / Kurzprofil:
Datum: 12.07.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 277889
Anzahl Zeichen: 0
contact information:
Town:
LONDON, ENGLAND
Kategorie:
Mining & Metals
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"Arian Silver Issue of Shares"
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