Aranka Gold Inc.
TSX VENTURE : ARK

Aranka Gold Inc.

April 03, 2006 16:40 ET

Aranka Gold Announces Closing of Financing

TORONTO, ONTARIO--(CCNMatthews - April 3, 2006) - Aranka Gold Inc. (TSX VENTURE:ARK) is pleased to announce that it has raised $1,500,000 pursuant
to its non-brokered financing originally announced on March 9, 2006. In connection with the financing, Aranka Gold issued 1,500,000 units (the "Units") at a price of $1.00 per Unit. Each Unit consists of one common share of Aranka Gold and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to acquire one additional common share at a price of $1.35 until October 3, 2007 provided that that if after four months and one day following closing the closing price of the common shares on the principal market on which such shares trade is equal to or exceeds $1.75 for 20 consecutive trading days, then the expiry date of the share purchase warrants shall automatically accelerate to the date which is 30 days following the date a press release is issued by Aranka announcing the reduced expiry date of the share purchase warrants, without further notification made by Aranka to the warrantholders.

Securities issued pursuant to the financing have a 4 month and one day hold period which expires on August 4, 2006. Completion of the financing remains subject to the final approval of the TSX Venture Exchange.

About Aranka Gold Inc.:

Aranka is a junior exploration company focusing on early stage gold exploration in the Guiana Shield. Aranka also holds significant silver assets, including the former Langis Silver Mine in the Cobalt camp, Ontario, Canada.

Additional information is available at www.sedar.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Aranka Gold Inc.
    John Patrick Sheridan
    President and Chief Executive Officer
    (416) 628-5936
    (416) 628-5935 (FAX)
    psheridan@guygold.com