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Re: Press Releases - Thursday, December 10, 2009
Arian Announces Private Placement to Raise up to Cdn$3 Million
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LONDON, ENGLAND--(Marketwire - Dec. 10, 2009) - Arian Silver
Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A) announces that it
proposes to raise up to Cdn$3,000,000 by way of a non-brokered private
placement of up to 60,000,000 units of securities of the Company (each,
a "Unit") at Cdn$0.05 per Unit (the "Private Placement"). Each Unit
will consist of one common share of the Company and one-half of one
common share purchase warrant. Each whole warrant (a "Warrant") will
entitle the holder thereof to acquire one common share (each, a
"Warrant Share") for a period of one year from the closing date of the
Private Placement at an exercise price of Cdn$0.10 per Warrant Share.
The Private Placement is conditional upon receipt of TSX Venture
Exchange approval and completion of the share redemptions and shares
for debt transactions with Grafton Resource Investments Ltd ("Grafton")
referred to in Arian's press release dated 9 December 2009.
The proceeds of the Private Placement will be used to advance the San
Jose project in Mexico to production, to repay US$300,000 of loans due
to Grafton, as well as for general corporate purposes.
In connection with the Private Placement, the Company may pay a
finder's fee of up to 7% of the gross proceeds raised under the Private
Placement, to be settled in cash (or, at the option of the applicable
finders, to be satisfied by the issue of Units).
About the Company
Arian Silver Corporation is a silver exploration and development
company and is listed on London's AIM; trades on London's "PLUS"
market; is listed on Toronto's TSX Venture Exchange and on the
Frankfurt Stock Exchange. Arian Silver is active in Mexico, the world's
second largest silver producing country. The Company's main projects
are the Calicanto and San Jose projects in Zacatecas State and the
Tepal project in Michoac�n State. The Tepal project is currently
subject to an exclusive purchase option to Geologix Explorations Inc.
Part of Arian Silver's forward-looking strategy lies in the envisaged
use of large scale mechanized mining techniques over wider mineralized
structures, which reduces the overall unit operating cost of metals,
and to build up NI 43-101 compliant resources.
Further information can be found by visiting Arian's website:
www.ariansilver.com or the Company's publicly available records at
www.sedar.com.
For more information, please contact:
Arian Silver Corporation
Carlyle House
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England
or
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7963 8670
jwilliams@ariansilver.com
or
Arian Silver Corporation
Graham Potts
CFO & Corporate Secretary
(London) +44 (0)20 7963 8670
gpotts@ariansilver.com
or
Grant Thornton UK LLP
Gerry Beaney
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com
or
CHF Investor Relations
Alison Tullis
(Canada) +1 416 868 1079 Ext. 233
alison@chfir.com
Forward Looking Statements
This press release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address
activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future (including, without
limitation, the receipt of all regulatory, corporate and other
approvals required in connection with the Private Placement and the use
of proceeds are forward-looking statements. These forward-looking
statements reflect the current expectations or beliefs of the Company
based on information currently available to the Company.
Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company or
events to differ materially from those discussed in the forward-looking
statements, and even if such actual results or events are realised or
substantially realised, there can be no assurance that they will have
the expected consequences to, or effects on the Company. Factors that
could cause actual results or events to differ materially from current
expectations include, among other things, failure to complete the
Private Placement, or the share redemptions and shares for debt
transactions upon which the completion of the Private Placement is
conditional, risks related to the stage of the Company's projects,
market fluctuations in prices for securities of exploration and
development stage companies, uncertainties about the availability of
additional financing, uncertainties related to fluctuations in
commodity prices and the other risks involved in the mineral
exploration and development industry. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be
required by applicable securities laws, the Company disclaims any
intent or obligation to update any forward-looking statement, whether
as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements
are not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty
therein.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
and no stock exchange, securities commission or other regulatory
authority accepts responsibility for the adequacy or accuracy of this
release nor approved or disapproved of the information contained
herein.
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Copyright (c) 2009 ARIAN SILVER CORPORATION (AGQ) All rights reserved.
For more information visit our website at http://www.ariansilver.com/
or send mailto:info@ariansilver.com
Message sent on Thu Dec 10, 2009 at 6:36:04 AM Pacific Time
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Arian Silver Corporation
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PRODUCTEUR |
CODE : AGQ.V |
ISIN : VGG0472G1063 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Arian Silver est une société de production minière d'argent basée au Royaume-Uni. Arian Silver est productrice d'argent, d'or, de plomb et de zinc au Mexique, et détient divers projets d'exploration au Mexique. Son principal projet en production est SAN JOSÉ ZACATECAS au Mexique et ses principaux projets en exploration sont SAN CELSO et CALICANTO au Mexique. Arian Silver est cotée au Canada, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 41,4 millions CA$ (39,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 12 décembre 2008 à 0,03 CA$, et son plus haut niveau récent le 07 janvier 2011 à 8,90 CA$. Arian Silver possède 318 491 926 actions en circulation. |