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Company Update
Not for Distribution to U.S. Newswire services nor for Distribution in the United States
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:
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$745k Cash
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$ 48k Accounts receivable
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$570k Trade payables
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$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 $338k is expected to be received in Q4 2015.
There can be no certainty as to the outcome of the financing discussions but the Company's mining contractors have confirmed their on-going support pending a definitive conclusion.
The Company will provide an update in respect of its working capital position and developments in its financing discussions, in due course.
For further information please contact:
Arian Silver Corporation
Jim Williams, CEO
David Taylor, Company Secretary
+44 (0)20 7887 6599
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Northland Capital Partners Limited
Gerry Beaney / John Howes
(London) +44 (0)20 7382 1100
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OR
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Cantor Fitzgerald Europe
Stewart Dickson / Jeremy Stephenson / David Porter / Patrick Pittaway
(London) +44 (0)20 7894 7000
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Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768 537 739
[email protected]
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Arian Silver Corporation
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PRODUCER |
CODE : AGQ.V |
ISIN : VGG0472G1063 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arian Silver is a silver producing company based in United kingdom. Arian Silver produces silver, gold, lead and zinc in Mexico, and holds various exploration projects in Mexico. Its main asset in production is SAN JOSÉ ZACATECAS in Mexico and its main exploration properties are SAN CELSO and CALICANTO in Mexico. Arian Silver is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 41.4 millions as of today (€ 39.0 millions). Its stock quote reached its lowest recent point on December 12, 2008 at CA$ 0.03, and its highest recent level on January 07, 2011 at CA$ 8.90. Arian Silver has 318 491 926 shares outstanding. |