13:44:43 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Arian Resources Corp
Symbol ARC
Shares Issued 99,771,074
Close 2014-12-04 C$ 0.055
Market Cap C$ 5,487,409
Recent Sedar Documents

Arian closes $45,000 second tranche of placement

2014-12-05 09:17 ET - News Release

Mr. Zahir Dhanani reports

ARIAN ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

Arian Resources Corp. has closed the second and final tranche of its previously announced non-brokered private placement (see news release dated Oct. 14, 2014).

The second tranche of the private placement consisted of the issuance of 300,000 units at a price of 15 cents per unit for gross proceeds of $45,000. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of 25 cents until Dec. 3, 2019.

The securities issued under the second tranche are subject to a hold period expiring on April 3, 2014.

The second tranche of the private placement consisted of Zip Dhanani, chief executive officer and chairman, purchasing 300,000 units.

Combining all tranches of the financing, the company issued a total of five million units for gross proceeds of $750,000.

The net proceeds of the financing will be applied to the company's Albanian properties and general working capital.

We seek Safe Harbor.

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