Mariana Resources Ltd Mariana Resources Ltd : Issue Of Equity- Warrant Exercise

 
TIDMMARL 
 
 
 
 
AIM: MARL 
 TSXV: MRA       Suite 102, 3 Eden Street 
 27 July 2016      North Sydney, NSW 2060 
                                Australia 
 
 
   THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE 
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. 
 
   Issue of Equity- Warrant Exercise 
 
   Mariana Resources Ltd ("Mariana" or the "Company"), the AIM and TSXV 
listed exploration and development company with projects in Turkey and 
South America, announces that 25,000 warrants, relating to the October 
2015 Private placement, exercisable into ordinary shares at the 
consolidated figure of 30p each have been exercised and funds have been 
received. 
 
   The Company will issue and allot 25,000 new ordinary shares. 
 
   Admission to AIM 
 
   Application has been made to the London Stock Exchange for the new 
ordinary shares to be admitted to trading on AIM. Dealings are expected 
to commence on or about 1 August 2016 ("Admission"). 
 
   Following Admission, there will be a total of 119,956,827 ordinary 
shares on issue. 
 
   **ENDS** 
 
   For further information please visit website at www.marianaresources.com 
or contact the following. 
 
 
 
 
In Australia: 
Glen Parsons (CEO)   Mariana Resources Ltd               [phone] 
Eric Roth (COO)      Mariana Resources Ltd               [phone] 
Rob Adamson          RFC Ambrian Limited (Nomad)         [phone] 
Will Souter          RFC Ambrian Limited (Nomad)         [phone] 
In U.K. 
Oliver Stansfield    Brandon Hill Capital (UK Broker)   [phone] 
Jonathan Evans       Brandon Hill Capital (UK Broker)   [phone] 
Camilla Horsfall     Blytheweigh (Financial PR)         [phone] 
Megan Ray            Blytheweigh (Financial PR)         [phone] 
 
   About Mariana Resources 
 
   Mariana Resources Ltd is an AIM quoted exploration and development 
company with an extensive portfolio of gold, silver and copper projects 
in South America and Turkey. 
 
   Mariana's most advanced asset is the Hot Maden gold-copper project in 
north east Turkey, which is a joint venture with its Turkish JV partner 
Lidya (30% Mariana and 70% Lidya). A maiden mineral resource estimate of 
2.03 Moz gold Equivalent (Indicated Category) and 0.97 Moz gold 
Equivalent (Inferred Category) (100% basis) was reported for Hot Maden 
on August 18, 2015. Elsewhere in Turkey, Mariana holds a 100% interest 
in the Ergama gold-copper project. 
 
   In Suriname, Mariana has a direct holding of 10.2% of the Nassau Gold 
project.) The Nassau Gold Project is a 28,000 Ha exploration concession 
located approximately 125 km south east of the capital Paramaribo and 
immediately adjacent to Newmont Mining's 4.2Moz gold Merian project. 
 
   In southern Argentina, the Company's core gold-silver projects are Las 
Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal 
(100%). These projects are part of a 160,000+ Ha land package in the 
Deseado Massif epithermal gold-silver district in mining-friendly Santa 
Cruz Province. Mariana acquired 100% interests in the Doña Ines 
gold-silver and Exploradora East copper prospects in northern Chile 
through the Aegean Metals Group transaction which closed in January, 
2015, with Mariana exploration now being funded by Asset Chile through 
the provision of $1.65m for a total 50% interest. 
 
   In Peru, Mariana is focusing on acquiring new opportunities which 
complement its current portfolio. 
 
   Safe Harbour 
 
   This press release contains certain statements which may be deemed to be 
forward-looking statements.  These forward-looking statements are made 
as at the date of this press release and include, without limitation, 
statements regarding discussions of future plans, the realization, cost, 
timing and extent of mineral resource estimates, estimated future 
exploration expenditures, costs and timing of the development of new 
deposits, success of exploration activities, permitting time lines, and 
requirements for additional capital.  The words "plans", "expects", 
"budget", "scheduled", "estimate", "forecasts", "intend", "anticipate", 
"believe", "may", "will", or similar expressions or variations of such 
words are intended to identify forward-looking statements. 
Forward-looking statements are subject to known and unknown risks, 
uncertainties, assumptions and other factors that may cause actual 
results to vary materially from those expressed or implied by such 
forward-looking statements, including, but not limited to: the effects 
of general economic conditions; the price of gold, silver and copper; 
misjudgements in the course of preparing forward-looking statements; 
risks associated with international operations; the need for additional 
financing; risks inherent in exploration results; conclusions of 
economic evaluations; changes in project parameters; currency and 
commodity price fluctuations; title matters; environmental liability 
claims; unanticipated operational risks; accidents, labour disputes and 
other risks of the mining industry; delays in obtaining governmental 
approvals or in the completion of development or construction 
activities; political risk; and other risks and uncertainties described 
in the Company's annual financial statements for the most recently 
completed financial year which is available on the Company's website at 
www.marianaresources.com .  Although we believe that the expectations 
reflected in such forward-looking statements are based upon reasonable 
assumptions and have attempted to identify important factors that could 
cause actual results to differ materially from those contained in 
forward-looking statements, there may be other factors that cause 
results not to be as anticipated, estimated or intended.  There can be 
no assurance that such statements will prove to be accurate, as actual 
results and future events could differ materially from those anticipated 
in such forward-looking statements.  Accordingly, readers are cautioned 
not to place undue reliance on forward-looking statements.  We do not 
undertake to update any forward-looking statements, except in accordance 
with applicable securities laws. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Mariana Resources Ltd via Globenewswire 
 
   HUG#2030904 
 
 
  http://www.marianaresources.com/index.php 
 

(END) Dow Jones Newswires

July 27, 2016 02:00 ET (06:00 GMT)

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