Placing to raise GBP 800,000
(Thomson Reuters ONE) - 14 September 2009AIM / PLUS Markets: AAU PLACING TO RAISE £800,000Ariana Resources plc ("Ariana" or "the Company"), the goldexploration and development company focused on Turkey, is pleased toannounce the placing of 26,666,667 new Ordinary Shares of 1 penceeach with certain institutional investors ("the Placing") at a priceof 3 pence per share, raising £800,000 before expenses.Dr. Kerim Sener, Managing Director, commented:"This Placing was conceived and completed within only one week. Thishighly successful and speedy outcome is a powerful endorsement of thesteady progress made by the Company in recent months. Interest inthe Placing exceeded expectations, underpinned by the latest positiveshift in market sentiment towards Ariana, and aided by the sterlingefforts of our brokers.The funds raised from this Placing will allow the Company toundertake further development work on the Kiziltepe and Tavsandeposits, and to initiate core components of the pre-feasibilitylevel evaluation of the 'Red Rabbit' Project, which envisagesintegrating these two deposits into a single venture. Newexploratory drilling on Kiziltepe and related targets will beundertaken in prospective areas where surface data is limited. AtTavsan, a geophysical programme is planned to identify new targetsfor resource extensions.We welcome our new shareholders and look forward to keeping ourvalued investors informed of the Company's progress as we moveforward with the development of our projects in western Turkey".Details of PlacingThe Placing was undertaken for 26,666,667 ordinary shares (the"Placing Shares") of 1 pence each ("Ordinary Shares") at 3 pence perOrdinary Share. The Placing is conditional upon admission to tradingon AIM of the new Ordinary Shares. Application will be made to theLondon Stock Exchange for the new Ordinary Shares to be issuedpursuant to the Placing to be admitted to trading on AIM. It isanticipated that Admission will become effective and dealings willcommence on Friday 18 September 2009. The new Ordinary Shares willrank pari passu, in all respects, with the existing Ordinary Sharesthat are currently traded on AIM. Following admission of theseshares, there will be a total of 170,517,993 Ordinary Shares inissue.Contacts:Ariana Resources plc Tel: 020 7407 3616Michael Spriggs, ChairmanKerim Sener, Managing DirectorBeaumont Cornish Limited Tel: 020 7628 3396Roland CornishAlexander David Securities Limited Tel: 020 7448 9820Nick Bealer / David ScottLoeb Aron & Company Ltd Tel: 020 7628 1128Peter Freeman / Frank LucasEditors' note:About Ariana ResourcesAriana is an exploration and development company focused onepithermal gold-silver and porphyry copper-gold deposits in Turkey.The Company is exploring a portfolio of prospective licences selectedon the basis of its in-house geological and remote-sensing database,on its own in western Turkey and in Joint Venture with EuropeanGoldfields Limited in north-eastern Turkey.The Company's flagship assets are its Sindirgi and Tavsan goldprojects. Both projects contain a series of prospects, within twoprolific mineralised districts in the Western Anatolian Volcanic andExtensional (WAVE) Province in western Turkey. This Province hoststhe largest operating gold mines in Turkey and remains highlyprospective for new porphyry and epithermal deposits. These coreprojects, which are separated by a distance of 75km, are presentlybeing assessed as to their economic merits. The total resourceinventory of the Company stands at 401,000 ounces of goldequivalent.Loeb Aron & Company Ltd. and Alexander David Securities Limited arejoint brokers to the Company and Beaumont Cornish Limited is theCompany's Nominated Adviser.For further information on Ariana you are invited to visit theCompany's website at www.arianaresources.com.Ends---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 14.09.2009 - 10:55 Uhr
Sprache: Deutsch
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