Ariana Resources PLC Ariana Resources Plc : Issue Of Equity To Advisers, Total Voting Rights
April 08 2015 - 12:05PM
UK Regulatory
TIDMAAU
8 April 2015
AIM: AAU
ISSUE OF EQUITY TO ADVISERS
TOTAL VOTING RIGHTS
Ariana Resources plc ("Ariana" or "the Company"), the Anglo-Turkish gold
exploration and development company focused on Turkey, announces today
that it has issued to certain advisers, in lieu of fees, a total of
10,333,333 new ordinary shares in the Company at a price of 0.9p per
share ("Adviser Shares"). The Company confirms that it has applied for
the Adviser Shares, which rank pari passu with all other existing
ordinary shares, to be admitted to trading on AIM ("Admission").
Admission is expected to take place on or around 14 April 2015.
Further to Admission, the Company's issued share capital will consist of
682,615,751 ordinary shares with a nominal value of 0.1p each, with
voting rights ("Ordinary Shares"). The Company does not hold any
Ordinary Shares in Treasury. Therefore the total number of Ordinary
Shares in the Company with voting rights is 682,615,751.
.
Contacts:
Ariana Resources plc Tel: +44 (0) 20 7407 3616
Michael de Villiers, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish / Felicity Geidt
Beaufort Securities Limited Tel: +44 (0) 20 7382 8300
Saif Janjua
Loeb Aron & Company Ltd. Tel: +44 (0) 20 7628 1128
John Beresford-Peirse / Dr. Frank Lucas
St Brides Partners Ltd Tel: +44 (0) 20 7236 1177
Susie Geliher / Lottie Brocklehurst
Editors' note:
About Ariana Resources:
Ariana is an exploration and development company focused on epithermal
gold-silver and porphyry copper-gold deposits in Turkey. The Company is
developing a portfolio of prospective licences selected on the basis of
its in-house geological and remote-sensing database, on its own in
western Turkey and in Joint Venture with Eldorado Gold Corporation in
north-eastern Turkey. Eldorado owns 51% of this joint venture and are
fully funding all exploration work on the JV properties, while Ariana
owns 49%. The total resource inventory within this JV is 1.09 million
ounces of gold.
The Company's flagship assets are its Kiziltepe and Tavsan gold projects
which form the Red Rabbit Gold Project. Both contain a series of
prospects, within two prolific mineralised districts in the Western
Anatolian Volcanic and Extensional (WAVE) Province in western Turkey.
This Province hosts the largest operating gold mines in Turkey and
remains highly prospective for new porphyry and epithermal deposits.
These core projects, which are separated by a distance of 75km, are
presently being assessed as to their economic merits and now form part
of a Joint Venture with Proccea Construction Co. The total resource
inventory at the Red Rabbit Project stands at 475,000 ounces of gold
equivalent.
Beaufort Securities Limited and Loeb Aron & Company Ltd. are joint
brokers to the Company and Beaumont Cornish Limited is the Company's
Nominated Adviser.
For further information on Ariana you are invited to visit the Company's
website at www.arianaresources.com.
Ends
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Ariana Resources plc via Globenewswire
HUG#1909592
http://www.arianaresources.com/s/Home.asp
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