Arian Silver Corporation

Arian Silver Corporation

October 21, 2010 05:32 ET

Arian Silver Corporation: Update on Placing

LONDON, ENGLAND--(Marketwire - Oct. 21, 2010) - Arian Silver Corporation (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A)

Further to the announcement of 18 October 2010 which gave details of a brokered and non - brokered placement raising approximately £3.9m, Arian Silver Corporation ("Arian" or the "Company"), announces that the TSX Venture Exchange has given its conditional approval to the Placing. Application for the shares to be admitted to trading to the AIM of the London Stock Exchange has been made.

It is expected that closing of the Placing will occur at 7.00 am on 25 October 2010 and that admission will become effective and trading in the 21,604,435 new common shares will commence on AIM at 8.00 am on 25 October 2010.

Following this share issue, the Company will have in issue 267,772,742 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.

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