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:
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Ariana Resources plc |
Tel: 020 7407 3616 | |
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Michael Spriggs, Chairman |
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Kerim Sener, Managing Director |
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Beaumont Cornish Limited |
Tel: 020 7628 3396 | |
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Roland Cornish |
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Bankside Consultants |
Tel: 020 7367 8888 | |
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Michael Padley / Louise Davis |
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City Capital Corporation Limited |
Tel: 020 7842 5867 | |
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Charles Dampney |
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King & Shaxson Capital Limited |
Tel: 020 7426 5986 | |
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Nick Bealer |
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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