Arian Silver Private Placement to Raise up to CDN $2 Millionadmin
Arian Silver Corporation announces that it proposes to raise up to Cdn$2,000,000 by way of a non-brokered private placement of up to 20,000,000 common shares of the Company at Cdn$0.10 per common share. The placement is conditional upon receipt of TSX Venture Exchange approval.
The Company has received indications from potential subscribers that, if fulfilled, will satisfy the placement.
The proceeds of the placement will be used to fund work programmes on the Company’s projects in Mexico as well as for general corporate purposes.
Arian Silver Corporation is a silver exploration and development company listed on London’s AIM and “PLUS”, on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian Silver is active in Mexico, the world’s second largest silver producing country. The Company’s main projects are the Calicanto and San Jose projects in Zacatecas State and the Tepal project in Michoacan State. Part of Arian Silver’s forward-looking strategy lies in the envisaged use of large scale mechanized mining techniques over wider mineralized structures, which reduces the overall unit operating cost of metals, and to build up NI 43-101 compliant resources.
Further information can be found by visiting Arian’s website: www.ariansilver.com