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AGQ

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:AGQ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Arian Silver Corporation - Company Update

14/09/2015 5:56pm

PR Newswire (Canada)


Arian Silver Corporation (TSXV:AGQ)
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Trading Symbols
AIM: AGQ
TSX-V: AGQ
FWB: I3A

LONDON, Sept. 14, 2015 /CNW/ - Arian Silver Corporation (the "Company"), a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces today that, further to its announcement dated 31 August 2015, the Company remains in financing discussions and as at 4 September 2015, had the following unaudited balances:

  • $745k Cash
  • $ 48k Accounts receivable
  • $570k Trade payables
  • $223k Net working capital

These amounts exclude accrued income and expenditure, and the receivable balance as at 31 August 2015 of $2,174k in respect of IVA (Mexican sales tax) of which $338k is expected to be received in Q4 2015.

There can be no certainty as to the outcome of the financing discussions but the Company's mining contractors have confirmed their on-going support pending a definitive conclusion.

The Company will provide an update in respect of its working capital position and developments in its financing discussions, in due course.

SOURCE Arian Silver Corporation

Copyright 2015 Canada NewsWire

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