Received by email:
File: Shares for debt - Financing news release.docx
Arian Resources Corp.
ARC: TSX V
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
ARIAN RESOURCES ANNOUNCES PRIVATE PLACEMENT & SHARES FOR DEBT
January 23, 2015 TSX Venture Exchange
Trading Symbol: ARC
Vancouver, British Columbia
Arian Resources Corp. ("Arian" or the "Company")
Mr. Zahir (Zip) Dhanani, CEO and Chairman of Arian, is pleased to announce that Arian is arranging a non-brokered priv
--->ate placement of up to 20 million units at a price of 5 cents per unit, for gross proceeds of up to $1,000,000. Each u
--->nit comprises one common share and one share purchase warrant. Each share purchase warrant entitles the holder to acqu
--->ire one additional common share for a period of five years at a price of 10 cents.
In connection with the private placement, subject to regulatory approval, the Company will pay certain eligible finder
--->'s fees for units sold in the offering, at the discretion of Arian.
Proceeds of the placement will be applied to the Company's Albanian properties and to general working capital.
The company has also entered into an agreement to settle up to $509,620 of debt through the issuance of common shares
--->at a price of five cents per share.
All securities issued in connection with the private placement and shares for debt settlement will be subject to a sta
--->tutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law. T
--->he offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approval
--->s, including approval of the TSX-V.
ON BEHALF OF THE BOARD OF DIRECTORS
Zahir ( Zip ) Dhanani, CEO & Chairman
For further information, contact Zahir Dhanani at 604.248.5175 or via email at zip1@shaw.ca.
About Arian Resources Corp.
Arian Resources Corp. is a junior exploration company with a focus on developing the Perlat mine in Albania.
This news release may contain forward-looking statements including but not limited to comments in this news release. F
--->orward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties.
---> Actual results may differ materially from those currently anticipated in such statements and Arian undertakes no obli
--->gation to update such statements, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
© 2024 Canjex Publishing Ltd. All rights reserved.