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AGQ Arian

0.175
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arian LSE:AGQ London Ordinary Share VGG0472G1147 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.175 0.16 0.19 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Arian Silver Corp Placing to raise GBP600,000 to finance exploration

13/07/2017 7:00am

UK Regulatory


 
TIDMAGQ 
 
ARIAN 
                                    SILVER 
 
                                                                Trading Symbols 
                                                                       AIM: AGQ 
                                                                       FWB: I3A 
 
13 July 2017 
 
          Placing to raise GBP600,000 to finance additional exploration 
 
Arian Silver Corporation ("Arian Silver" or the "Company") is pleased to 
announce that it has raised GBP600,000, 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              Northland Capital Partners Limited 
Jim Williams, CEO                     Gerry Beaney / David Hignell / Jamie 
David Taylor, Company Secretary       Spotswood 
Tel: +44 (0)20 7887 6599              Tel: +44 (0)203 861 6625 
 
OR                                    OR 
 
Beaufort Securities Limited           Yellow Jersey PR Limited 
Jon Belliss                           Charles Goodwin / Harriet Jackson 
Tel: +44 (0)20 7382 8300              Tel: +44 (0)7747 788 221 
 
 
 
END 
 

(END) Dow Jones Newswires

July 13, 2017 02:00 ET (06:00 GMT)

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