Mariana Resources Ltd : Issue of Equity- Option and Warrant Exercise
January 16 2017 - 2:04AM
AIM:
MARLTSXV: MARL 16 January 2017 |
Granite
House, La Grande Rue,St. Martin, Guernsey ,GY1 3RS 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,
due for expiry, have been exercised into ordinary shares with funds
received.
- 152,160 Warrants exercised at 43.4p
- 152,160 Options exercised at 43.4p
- 70,708 Broker Warrants exercised at 16p
The Company will issue and allot 375,028 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 20 January 2017 ("Admission").
Following Admission, there will be a total of 124,425,733
ordinary shares on issue.
Included in the above issuance are exercised options and
warrants (totalling 171,180) to Director Eric Roth and as a result
his shareholding has increased from 478,191 to 649,371 Ordinary
Shares (0.52% of total issued share capital).
**ENDS**
For further information please visit website at
www.marianaresources.com or contact the following.
|
|
|
Glen Parsons (CEO) |
Mariana Resources
Ltd |
+61 2 9437 4588 |
Eric Roth (COO) |
Mariana Resources
Ltd |
+56 9 8818 1243 |
Karen Davies (IR) |
Mariana Resources Ltd
(Canada) |
+1 604 314 6270 |
Rob Adamson |
RFC Ambrian Limited
(Nomad) |
+61 2 9250 0041 |
Will Souter |
RFC Ambrian Limited
(Nomad) |
+61 2 9250 0050 |
In U.K. |
|
|
Oliver Stansfield |
Brandon Hill Capital
(UK Broker) |
+44 20 3463 5061 |
Jonathan Evans |
Brandon Hill Capital
(UK Broker) |
+44 20 3463 5016 |
Camilla Horsfall |
Blytheweigh (Financial
PR) |
+44 20 7138 3224 |
Megan Ray |
Blytheweigh (Financial
PR) |
+44 20 7138 3203 |
About Mariana ResourcesMariana 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 HarbourThis 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.
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