27 September 2007
AIM / PLUS Markets: AAU
FURTHER ISSUE OF EQUITY
Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, is pleased to announce that
following the announcement of a placing to raise £933,068 on 25
September 2007, a further placing has been arranged of 1,000,000 new
Ordinary Shares of 1 pence each ("the Further Placing") at a price of
4 pence per share, raising £40,000 before expenses, to satisfy Market
demand. One Warrant is issued for every three Ordinary Shares to
subscribe for new ordinary shares at a strike price of 8 pence with
an exercise period of 3 years.
The Further Placing is conditional upon admission to trading on AIM
of the new Ordinary Shares. Application has been made to the London
Stock Exchange for the new Ordinary Shares to be issued pursuant to
the Further Placing to be admitted to trading on AIM. It is
anticipated that Admission will become effective and dealings will
commence on or around Tuesday 3 October 2007. The new Ordinary
Shares will rank pari passu, in all respects, with the existing
Ordinary Shares that are currently traded on AIM. Following
admission of these shares, there will be a total of 73,784,062
Ordinary Shares in issue. The warrants will not be listed.
Contacts:
Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish
Bankside Consultants Tel: 020 7367 8888
Michael Padley / Louise Davis
City Capital Corporation Limited Tel: 020 7842 5867
Charles Dampney
King & Shaxson Capital Limited Tel: 020 7426 5986
Nick Bealer
Editors' note:
About Ariana Resources
Ariana is a dynamic exploration company focused on the discovery and
development of epithermal gold-silver and porphyry copper-gold
deposits with multi-million ounce potential within the Tethyan
metallogenic belt of Turkey. The Company has a portfolio of
prospective licences covering 1,820km2, selected on the basis of its
advanced in-house remote sensing database.
The Company's flagship asset is the 235km2 Sindirgi Gold Project,
which targets a series of prospects, within a prolific mineralised
district in western Turkey. The project hosts over 45km of
gold-silver bearing epithermal quartz veins.
City Capital Corporation Limited and King & Shaxson Capital Limited
are joint brokers to the Company and Beaumont Cornish Limited is the
Company's nominated adviser.
For further information on Ariana you are invited to visit the
Company's website at www.arianaresources.com.
Ends
---END OF MESSAGE---
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.