Arian Silver Corporation
TSX VENTURE : AGQ
AIM : AGQ
LSE : AGQ
FRANKFURT : I3A
PLUS : AGQ
FRANKFURT : 13A

Arian Silver Corporation

January 25, 2010 12:54 ET

Holdings in Company

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TR-1: Notifications of Major Interests in Shares
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1. Identity of the issuer or the underlying issuer of existing             Arian Silver Corporation
shares to which voting rights are attached:

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2. Reason for notification (yes/no)
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An acquisition or disposal of voting rights                                                    Yes
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An acquisition or disposal of financial instruments which may result in the acquisition of     
shares already issued to which voting rights are attached                                      No
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An event changing the breakdown of voting rights                                               No
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Other (please specify): change in the total number of voting rights of issuer                  No
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3. Full name of person(s) subject to notification        Sprott Asset Management LP
obligation:
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4. Full name of shareholder(s) (if different from 3):    Refer to Section 9.
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5. Date of transaction (and date on which the            January 20, 2010
threshold is crossed or reached if different):
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6. Date on which issuer notified:                        January 22, 2010
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7. Threshold(s) that is/are crossed or reached:          12.7%
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8: Notified Details

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A: Voting rights attached to shares

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Class/type    Situation previous to      Resulting situation after the triggering transaction
of shares     the triggering
If possible   transaction
use ISIN
code
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              Number of     Number of    Number of      Number of voting rights    Percentage of voting
              shares        voting       shares                                    rights
                            rights                      
                                                        ------------------------------------------------
                                                        Direct       Indirect      Direct       Indirect
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Common        0             0            30,000,000                  12.7%                      12.7%
Shares
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B: Financial Instruments

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Resulting situation after the triggering transaction

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Type of           Expiration date        Exercise/            No. of voting rights       Percentage of
financial                                conversion           that may be acquired       voting rights
instrument                               period/date          (if the instrument
                                                              exercised/converted)
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Total (A+B)

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Number of voting rights                                Percentage of voting rights
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30,000,000                                             12.7%
                                                       
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9. Chain of controlled undertakings through which the voting rights and /or the financial instruments
are effectively held, if applicable:
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Sprott Asset Management LP is the portfolio manager acting on behalf of Sprott Canadian Equity Fund,
Sprott Bull/Bear RSP Fund, Sprott Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd.,
Sprott Master Fund II, Ltd., and certain Sprott Managed Accounts.
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Proxy Voting:

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10. Name of proxy holder:                              N/A

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11. Number of voting rights proxy holder will cease    N/A
to hold:

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12. Date on which proxy holder will cease to hold      N/A
voting rights:

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13. Additional information:                            

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14 Contact name:                                       Maggie Tang

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15. Contact telephone name:                            1-416-943-4072

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Contact Information

  • Arian Silver