Mariana Resources Ltd Mariana Resources Ltd : Issue Of Equity Warrant And Option Exercise

 
TIDMMARL 
 
 
 
 
AIM: MARL           Granite House, La Grande Rue, 
 TSXV: MARL         St. Martin, Guernsey ,GY1 3RS 
 13 February 2017                 Channel Islands 
 
 
   Issue of Equity- Warrant and Option Exercise 
 
   Mariana Resources Ltd ("Mariana" or the "Company"), the AIM ("MARL") and 
TSXV ("MARL") listed exploration and development company with projects 
in Turkey, Côte d'Ivoire and South America, announces that the 
following warrants and options have been exercised into ordinary shares 
with funds received. 
 
 
   -- 168,807 Warrants exercised at GBP0.25 
 
   -- 7,500 Options exercised at GBP0.60 
 
 
   The Company will issue and allot 176,307 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 and the TSXV.  Dealings 
are expected to commence on or about 17 February 2017 ("Admission"). 
 
   Following Admission, there will be a total of 124,602,040 ordinary 
shares on issue. 
 
   **ENDS** 
 
   For further information please visit website at www.marianaresources.com 
or contact the following. 
 
 
 
 
 
Glen Parsons (CEO)   Mariana Resources Ltd               [phone] 
Eric Roth (COO)      Mariana Resources Ltd               [phone] 
Karen Davies (IR)    Mariana Resources Ltd (Canada)      [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 (MARL) and TSXV (MARL) 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) and rapidly advancing to development. 
An updated mineral resource estimate of 3.43 Moz gold Equivalent 
(Indicated Category) and 0.09 Moz gold Equivalent (Inferred Category) 
(100% basis) in the main resource zone as well as a maiden 351,000 Moz 
gold Equivalent (Inferred Category) (100% basis) in the new southern 
discovery zone was reported for Hot Maden on July 25, 2015. Elsewhere in 
Turkey, Mariana holds a 100% interest in the Ergama gold-copper 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. 
 
   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 Peru and Chile, 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 Corporate Solutions on behalf 
of Nasdaq 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 
 
 
  http://www.marianaresources.com/index.php 
 

(END) Dow Jones Newswires

February 13, 2017 02:00 ET (07:00 GMT)

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