Received by email:
File: ARC NR - Closes 1st and 2nd Tranche 03.11.15.docx
Arian Resources Corp.
ARC: TSX V
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
ARIAN RESOURCES CORP. CLOSES $620,000 FIRST & SECOND TRANCHE OF PRIVATE PLACEMENT
March 12, 2015 TSX Venture Exchange
Trading Symbol: ARC
Vancouver, British Columbia
Arian Resources Corp. ("Arian") - ARC: TSX-V.
Mr. Zahir (Zip) Dhanani, CEO & Chairman of Arian, is pleased to announce, Arian has closed the first tranche and secon
--->d tranche of its previously announced non-brokered private placement (news release dated January 24, 2015 ).
The first tranche of the private placement consisted of the issuance of 11,000,000 units (the "Units") at a price of $
--->0.05 per Unit for gross proceeds of $550,000 (the "First Tranche"). The second tranche of the private placement consis
--->ted of the issuance of 1,400,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $70,000 (the "
--->Second Tranche"). Each Unit consists of one common share of the Company (a "Share") and one common share purchase warr
--->ant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the
---> Company at a price of $0.10 until March 5, 2020 (First Tranche) and March 12, 2020 (Second Tranche).
In connection with the Second Tranche, the Company paid certain finder's fees: 100,000 common shares (the "Finder's Sh
--->ares), and 100,000 purchase warrants (the "Finder's Warrants"). Each Finder's Warrant entitles the holder to purchase
--->one additional common share at a price of $0.10 until March 12, 2017.
The securities issued under the First Tranche and Second Tranche are subject to a hold period expiring on July 5, 2015
--->, and July 12, 2015 respectively.
The net proceeds of the First Tranche will be applied to the Company's Albanian properties and general working capital
--->.
ON BEHALF OF THE BOARD OF DIRECTORS
Zahir Dhanani, CEO
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 mineral exploration company with a focus on the exploration of prospective gold prop
--->erties in Albania.
This news release may contain forward-looking statements including but not limited to comments regarding the closing o
--->f the transaction contemplated by closing of the financing. Forward-looking statements address future events and condi
--->tions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currentl
--->y anticipated in such statements and Arian undertakes no obligation to update such statements, except as required by l
--->aw.
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.