LONDON, ENGLAND--(Marketwired - June 10, 2013) - Arian Silver Corporation (TSX VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A) -
----------------------------------------------------------------------------
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:(ii) Arian Silver Corporation
----------------------------------------------------------------------------
2. Reason for the notification (please tick the appropriate box or boxes):
-----------------------------------------------------------------------=====
An acquisition or disposal of voting rights X
-----------------------------------------------------------------------=====
An acquisition or disposal of qualifying financial instruments which
may result in the acquisition of shares already issued to which voting
rights are attached
-----------------------------------------------------------------------=====
An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments
-----------------------------------------------------------------------=====
An event changing the breakdown of voting rights
-----------------------------------------------------------------------=====
Other (please specify): Issue of new shares X
-----------------------------------------------------------------------=====
3. Full name of person(s) subject to the
notification obligation:(iii) Sprott Asset Management LP
----------------------------------------------------------------------------
4. Full name of shareholder(s) (if
different from 3.):(iv) See section 9
----------------------------------------------------------------------------
5. Date of the transaction and date on
which the threshold is crossed or 31 May 2013
reached:(v)
----------------------------------------------------------------------------
6. Date on which issuer notified: 7 June 2013
----------------------------------------------------------------------------
7. Threshold(s) that is/are crossed or
reached:(vi, vii) 15%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
8. Notified details:
----------------------------------------------------------------------------
A: Voting rights attached to shares(viii, ix)
----------------------------------------------------------------------------
Situation previous to
Class/type the triggering Resulting situation after the triggering
of shares transaction transaction
------------------------------------------------------------------
if
possible Number of
using the Number of Voting Number of Number of voting % of voting
ISIN CODE Shares Rights shares rights rights (x)
--------------------------------------------
Direct Indirect
Direct (xi) (xii) Direct Indirect
------------------------------------------------------------------
Common
Shares 48,624,738 48,624,738 46,603,938 46,603,938 14.4%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
Type of financial Number of voting
instrument rights that may
be
acquired if the
Exercise/ instrument is % of
Expiration Conversion exercised/ voting
date(xiii) Period(xiv) converted. rights
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments (xv, xvi)
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
Exercise/
Type of Expiration Conversion Number of voting % of voting
financial Exercise date period(xvi rights instrument rights (xix,
instrument price (xvii) ii) refers to xx)
----------------------------------------------------------------------------
Nominal Delta
---------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total (A+B+C)
----------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------------------------------
46,603,938 14.4%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable:(xxi)
----------------------------------------------------------------------------
Sprott Asset Management LP is the portfolio manager acting on behalf of the
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.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Proxy Voting:
----------------------------------------------------------------------------
10. Name of the proxy holder:
----------------------------------------------------------------------------
11. Number of voting rights proxy holder will cease to hold:
----------------------------------------------------------------------------
12. Date on which proxy holder will cease to hold voting
rights:
----------------------------------------------------------------------------
----------------------------------------------------------------------------
13. Additional information:
----------------------------------------------------------------------------
14. Contact name: David Taylor
----------------------------------------------------------------------------
15. Contact telephone number: +44 (0)20 7887 6593
----------------------------------------------------------------------------