Arian Silver Corp Placing to raise GBP600,000

 
TIDMAGQ 
 
ARIAN SILVER 
 
                                                                Trading Symbols 
                                                                       AIM: AGQ 
                                                                       FWB: I3A 
 
 
25 May 2017 
 
                           Placing to raise GBP600,000 
 
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 Share at 
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 net proceeds of the Placing to advance 
exploration of its mining concessions in Zacatecas, Mexico, and specifically to 
seek and assess the feasibility of additional lithium acquisitions, some of 
which are currently being negotiated as previously announced. 
 
Jim Williams, Chief Executive Officer of Arian Silver, commented, "The 
continuing support of our investors has made it possible to once again 
strengthen our balance sheet and puts the Company in a stronger position to 
progress not only our silver projects but perhaps more importantly, given the 
current price and demand, our lithium assets. To fully evaluate our current 
lithium options requires exploration methods that have not been financially 
viable for us, until now. We believe greater lithium concentrations occur 
deeper within the salars and the results so far obtained from the surface 
exploration are merely indicative of the presence 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 9 June 2017. 
 
Following Admission and assuming no exercise of Warrants, the Company will have 
303,694,941 common shares of no par value in issue. The Company has no shares 
in treasury, therefore the figure of 303,694,941 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 
David Taylor, Company Secretary       Tel: [phone] 
Tel: [phone] 
 
                                      OR 
OR 
 
Beaufort Securities Limited           Yellow Jersey PR Limited 
Jon Belliss                           Dominic Barretto 
Tel: [phone]              Tel: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

May 25, 2017 02:00 ET (06:00 GMT)