/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TSX Venture Exchange
Trading Symbol: ARC
VANCOUVER, Feb. 3, 2014 /CNW/ - Arian Resources Corp. ("Arian" or "Company") - ARC: TSX-V.
Mr. Zahir (Zip) Dhanani, CEO and Chairman of Arian, is pleased to announce that the Company will increase the
size of the previously announced private placement (the "Offering") on
January 30, 2014 and anticipates raising an additional $2,100,000,
through the issuance of 14,000,000 units. The units will be issued on
the same terms as those previously announced at a price of $0.15 per
unit, with each unit comprised of one common share and one share
purchase warrant. Each share purchase warrant (a "Warrant") entitles
the holder to acquire one additional common share for a period of two
years at a price of $0.25.
Each warrant is subject to accelerated expiry provisions such that if at
any time after the expiry of any resale restriction governing the
subscribed shares, the corporation's common shares trade on the TSX
Venture Exchange at or above a volume-weighted average trading price of
40 cents per common share for 10 consecutive trading days, the company
may give notice to the holders that each warrant will expire 30 days
from the date of providing such notice.
In connection with the Offering, subject to regulatory approval, the
Company will pay certain eligible finders finder's fee 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.
All securities issued in connection with the Offering will be subject to
a statutory hold period of four months plus a day from the date of
issuance in accordance with applicable securities law. The Offering is
subject to a number of conditions including receipt of all necessary
corporate and regulatory approvals, including approval of the TSX
ON BEHALF OF THE BOARD OF DIRECTORS
Zahir ( Zip ) Dhanani, President & CEO
About Arian Resources Corp.
Arian Resources Corp. is a junior exploration company with a focus on
the exploration of prospective mineral properties in Albania.
This news release may contain forward-looking statements including but
not limited to comments regarding Arian's plans for its financing activities. Forward-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
obligation 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.
Image with caption: "Arian Resources Logo (CNW Group/Arian Resources Corp.)". Image available at: http://photos.newswire.ca/images/download/20140203_C7037_PHOTO_EN_36166.jpg
SOURCE: Arian Resources Corp.
For further information:
Zahir Dhanani at 604.248.5175 or via email at email@example.com