Arian Silver Issue of Shares
LONDON, ENGLAND, Nov 9, 2012 (Menafn - Marketwire via COMTEX) --Arian Silver Corporation ("Arian" or the "Company") (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 360,000 of its GBP 5 million Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ('YA'), announced by the Company on 27 September 2012.
Under the terms of the SEDA, the Company has allotted, conditional on admission, 2,209,390 Common Shares of no par value to YA at a price of GBP 0.162941 pence per share. This price is calculated under the terms of the SEDA.
An application has been made to the London Stock Exchange for 2,209,390 common shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00 a.m. on 15 November 2012. The new common shares will rank pari passu in all respects with the existing common shares.
Following this share issue the Company has in issue 303,923,502 with voting rights.
FOR FURTHER INFORMATION PLEASE CONTACT: Arian Silver CorporationBerkeley Square HouseBerkeley SquareLondonW1J 6BDEngland
Arian Silver CorporationJim WilliamsCEO(London) 44 (0)20 7887 6599jwilliams@ariansilver.com
Arian Silver CorporationDavid TaylorCompany Secretary(London) 44 (0)20 7887 6599dtaylor@ariansilver.com
Grant Thornton Corporate FinanceGerry Beaney / David Hignell(London) 44 (0)20 7383 5100gerry.d.beaney@uk.gt.com
XCAP Securities PLCJon Belliss(London) 44 (0)20 7101 7070jon.belliss@xcapgroup.com
Yellow Jersey PR LimitedDominic Barretto(London) 44 (0)7768537739dominic@yellowjerseypr.com
CHF Investor Relations Juliet Heading (Canada) 1 416 868 1079 x 239 juliet@chfir.com
SOURCE: Arian Silver Corporation
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