RNS - Placing to raise $600,000 25 May 2017Placing to raise ?600,000Arian Silver Corporation (?Arian Silver? or the ?Company?) is pleased to announce that it has raised ?600,000, before expenses, through the placing of 120 million units (?Units?) of 0.5p each (?the Placing?) through its broker Beaufort Securities Limited (?Beaufort?).Each Unit comprises one new common share (?Placing Share?) and one new share warrant (?Warrant?), which entitles the holder to subscribe for one Share at 0.6p. 12 million Warrants will be issued to Beaufort, each at an exercise price of 0.6p. The expiry date of each Warrant will be two years from the date of admission of the Placing Shares to trading on AIM.The Company intends to use the net proceeds of the Placing to advance exploration of its mining concessions in Zacatecas, Mexico, and specifically to seek and assess the feasibility of additional lithium acquisitions, some of which are currently being negotiated as previously announced.Jim Williams, Chief Executive Officer of Arian Silver, commented, ?The continuing support of our investors has made it possible to once again strengthen our balance sheet and puts the Company in a stronger position to progress not only our silver projects but perhaps more importantly, given the current price and demand, our lithium assets. To fully evaluate our current lithium options requires exploration methods that have not been financially viable for us, until now. We believe greater lithium concentrations occur deeper within the salars and the results so far obtained from the surface exploration are merely indicative of the presence of lithium.?The Placing is conditional on the Shares being admitted to trading on AIM (?Admission?). Application will be made to the London Stock Exchange for the 120,000,000 Shares to be admitted to trading on AIM. Admission of the Placing Shares is expected to become effective at 80am on or around 9 June 2017.Following Admission and assuming no exercise of Warrants, the Company will have 303,694,941 common shares of no par value in issue. The Company has no shares in treasury, therefore the figure of 303,694,941 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA?s Disclosure and Transparency Rules.
Re: Lithium I am no expert but it looks like grades of 0.016% (160 parts per million) are on the low side.If they find much higher then this is worth looking at.
Lithium Of course this is preliminary sampling and the grades are encouraging in one or two spots .Now we know something is out there .It`s just .Do you trust Arian to find it ?Being as there have been reasonable finds in the locality .One would presume , as a good Indicator the next RNS being that they increase the acreage ,around these original samplings.Deeper may be better results .Good luck And May
Lithium On the Up About time for a nice re-rate .It`s been quite a wait though.Good luck AllAnd May
Re: Woof I'm waiting for Jim to offer some really sensational investment opportunity. How about the "Flying Pig Mine",whereby he captures an asteroid then moors it offshore ( Llantwit would be most appropriate) and mines high quality treacle?
From Website "Developing silver projects in the heart of the Mexican Silver belt"Yeah, then losing them just when becoming valuable cause your such a d-i-c-k Jim. And now that isn't going well, you're betting on Lithium. cause your an expert in lithium afterall with your geology degree.
Re: Tailings project abandoned Is there a market for dust and dirt? Would invest
Tailings project abandoned Well there is a surprise but it certainly served to kept the gravy train going for another year. Now AGQ moves onto some new fantasy to justify the directors pay.Happy
Re: Woof Agree absolutely.Happy
Woof This company has nothing apart from a tos-ser in a sombrero wasting money looking for a resource. Arian has no production, no resource, no future with JW in charge.
Hooray! It's become a penny share!
Re: RNS - Arian Silver Lithium Gravytrainium?
Re: RNS - Arian Silver Lithium Unobtanium
Re: RNS - Arian Silver Lithium Lithium? What will these clowns dream up next to keep their fat pay cheques coming.Happy
Re: RNS - Arian Silver Lithium All too busy selling to respond ...does that domayoil have a sheep on the inside...lol.run and dont look back.Cp