January 31, 2013 10:37 ET
LONDON, ENGLAND--(Marketwire - Jan. 31, 2013) - 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 £226,000 of its £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 £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 CorporationJim WilliamsCEO(London) +44 (0)20 7887 firstname.lastname@example.orgArian Silver CorporationDavid TaylorCompany Secretary(London) +44 (0)20 7887 email@example.comGrant Thornton Corporate FinanceGerry Beaney / David Hignell(London) +44 (0)20 7383 firstname.lastname@example.orgHawkwood Capital LLPJohn Grant / Edmund Glover(London) +44 (0)20 3195 email@example.com@hawkwoodllp.comXCAP Securities PLCJon Belliss(London) +44 (0)20 7101 firstname.lastname@example.orgYellow Jersey PR LimitedDominic Barretto(London) +44 (0)email@example.comCHF Investor RelationsJuliet Heading(Canada) +1 416 868 1079 x firstname.lastname@example.orgArian Silver CorporationBerkeley Square HouseBerkeley SquareLondon, W1J 6BDUnited Kingdom
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