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TSX Venture Exchange
Trading Symbol: ARC
VANCOUVER, July 8, 2013 /CNW/ - Mr. Zahir Dhanani, President and CEO of Arian, is pleased to announce that Arian has appointed Mr. John Furlong to its advisory board (the "Advisory Board"). Mr. Furlong has decades of senior leadership experience in both the private and public sectors.
Zahir Dhanani, President and CEO of Arian, comments: "Arian is thrilled to have attracted and retained the advisory services of a renowned Canadian leader as Mr. Furlong. We believe that his range of experiences as a leader in the private and public sectors, in Canada and abroad, will prove to be a major asset for Arian as it continues to expand its exploration activities."
Mr. Furlong is a corporate director and professional speaker represented by the Twentyten Group, a firm comprised of former members of the Vancouver Organizing Committee ("VANOC") for the 2010 Vancouver Olympic and Paralympic Winter Games. Mr. Furlong served as the Chief Executive Officer of VANOC and led the team that organized and delivered the 2010 Vancouver Olympic and Paralympic Winter Games.
Prior to his appointment to VANOC in 2004, Mr. Furlong was President and Chief Operating Officer for the Vancouver 2010 Bid Corporation. Mr. Furlong is also a member of the Canadian Olympic Committee. Mr. Furlong is the chairman of the "Own the Podium" program and is a director on a number of major corporate boards, including Whistler Blackcomb Holdings Inc. He is also the Executive Chair of The Vancouver Whitecaps MLS Team.
In 2010, Mr. Furlong was named an Officer to the Order of Canada and also became a member of the Order of British Columbia. He has received the Canadian Armed Forces highest civilian medal. His service to sport and Canada has resulted in numerous additional forms of recognition, including Canadian of the Year, Canada's Sport Executive of the Year and Marketer of the Year.
Mr. Furlong has also acquired significant units offered in the private placement offering announced on April 11, 2013. Each unit is comprised of one common share and one share purchase warrant at an exercise price of $0.15 per share for a period of five years.
When permitted to do so under the terms of Arian's stock option plan and the policies of the TSX-V, Arian expects to grant Mr. Furlong an option to acquire significant additional common shares at an exercise price at the greater of $0.20 or the market price of Arian's common shares at the time of grant.
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
About Arian Resources Corp.
Arian Resources Corp. is a junior mineral exploration company with a focus on the exploration of prospective gold properties in Albania.
This news release may contain forward-looking statements including but not limited to comments regarding Arian's plans for expansion of its exploration 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.
SOURCE: Arian Resources Corp.
For further information:
Zahir Dhanani at 604.248.5175 or via email at [email protected]