|By Marketwired .||
|January 31, 2013 10:38 AM EST||
LONDON, ENGLAND -- (Marketwire) -- 01/31/13 -- 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 226,000 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, 1,657,795 Common Shares of no par value to YA at a price of GBP 0.136326 per share. This price is calculated under the terms of the SEDA.
An application has been made to the London Stock Exchange for 1,657,795 Common Shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00 a.m. on 6 February 2013. 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 307,576,258 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.
Arian Silver Corporation
(London) +44 (0)20 7887 6599
Arian Silver Corporation
(London) +44 (0)20 7887 6599
Arian Silver Corporation
Berkeley Square House
London, W1J 6BD
Grant Thornton Corporate Finance
Gerry Beaney / David Hignell
(London) +44 (0)20 7383 5100
Hawkwood Capital LLP
John Grant / Edmund Glover
(London) +44 (0)20 3195 6500
XCAP Securities PLC
(London) +44 (0)20 7101 7070
Yellow Jersey PR Limited
(London) +44 (0)7768537739
CHF Investor Relations
(Canada) +1 416 868 1079 x 239
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