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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