Arian Silver Issue of Shares
July 12 2013 - 9:00AM
Marketwired Canada
Arian Silver Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A), a silver exploration, development and
production company with a focus on projects in the silver belt of Mexico, today
announced the Company has drawn down GBP 130,110 of its GBP 5 million Standby
Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("YA"), as
announced by the Company on 27 September 2012.
Under the terms of the SEDA, the Company has allotted, conditional on admission,
3,216,563 Common Shares of no par value to YA at a price of GBP 0.04045 per
share. This price is calculated under the terms of the SEDA.
The proceeds will contribute to working capital and other costs in the
short-term, facilitating the acquisition of the El Bote mill, as announced on 15
March 2013.
An application has been made to the London Stock Exchange for 3,216,563 Common
Shares to be admitted to trading on AIM and it is expected that admission will
occur at 8.00 a.m. on 18 July 2013. The new Common Shares will rank pari passu
in all respects with the existing Common Shares. GBP 2,720,090 remains available
to the Company under this SEDA.
Following this share issue the Company has in issue 326,011,350 Common Shares
with voting rights.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7887 6599
jwilliams@ariansilver.com
Arian Silver Corporation
David Taylor
Company Secretary
(London) +44 (0)20 7887 6599
dtaylor@ariansilver.com
Grant Thornton Corporate Finance
Philip Secrett / David Hignell
(London) +44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
dominic@yellowjerseypr.com
XCAP Securities PLC
Jon Belliss
(London) +44 (0)20 7101 7070
jon.belliss@xcapgroup.com
CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 239
juliet@chfir.com