Business
Ariana Resources plc : Capital Reorganisation
Ariana Resources plc : Capital Reorganisation.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources plc : Capital Reorganisation17 July 2013AIM: AAUCAPITAL REORGANISATIONAriana Resources plc (\"the Company\"), the gold exploration and development company focused on Turkey, announces that further to the special resolution to approve a share capital reorganisation being passed at the Company's annual general meeting, application has been made for dealings in the Company's existing ordinary shares of 1 pence each to cease at the close of business on 19 July 2013, and dealings in the new ordinary share of 0.1 pence each in the capital of the Company (\"New Ordinary Share\") to commence trading on AIM on 22 July 2013. The ISIN and SEDOL numbers of the New Ordinary Shares will be the same as the Company's existing ordinary shares and any share certificates for the existing ordinary shares will remain valid for the New Ordinary Shares.The interests of existing shareholders (both in terms of their economic interest and voting rights) will not be diluted by the implementation of the share capital reorganisation.Contacts:Ariana Resources plcTel: +44 (0) 20 7407 3616Michael Spriggs, ChairmanKerim Sener, Managing DirectorBeaumont Cornish LimitedTel: +44 (0) 20 7628 3396Roland Cornish / Felicity GeidtBeaufort International Associates LimitedTel: +44 (0) 20 7382 8387Chris Rourke / Guy WheatleyLoeb Aron & Company Ltd.Tel: +44 (0) 20 7628 1128Frank Lucas St Brides Media & Finance LtdTel: +44 (0) 20 7236 1177Hugo de Salis / Susie GeliherEditors' note:About Ariana ResourcesAriana 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 is fully funding all exploration work on the JV properties, while Ariana owns 49% and is the operator. The Company's flagship assets are its Sindirgi 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 th...