Business
Conversion of Warrants
Conversion of Warrants.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n\n\n\n\n15 July 2010\nAIM / PLUS Markets: AAU\n\n CONVERSION OF WARRANTS\n\nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold exploration and\ndevelopment company focused on Turkey, announces the issue, today, of 245,431\nnew Ordinary Shares of 1p per share (\"Ordinary Shares\") at a price of 3p per\nOrdinary Share as a result of the exercise of warrants issued following the\nSpecial Resolution passed at the Annual General Meeting (\"AGM\") on the 29th June\n2009.\n\nApplication will be made to the London Stock Exchange for the new Ordinary\nShares to be admitted to trading on AIM (\"Admission\"). Â It is anticipated that\nAdmission will become effective and dealings will commence on or around 22 July\n2010. Â The new Ordinary Shares will rank pari passu, in all respects, with the\nexisting Ordinary Shares and following Admission, there will be a total of\n221,979,532 Ordinary Shares in issue.\n\nThe warrants converted as provided in this announcement represent the last of\nthe 3p warrants that were exercised prior to expiry on the 25 June 2010. Â For\nthe avoidance of doubt, the remaining balance of 27,225,549 warrants can no\nlonger be exercised\n\nContacts:\n\n Ariana Resources plc Tel: 020 7407 3616\n\n Michael Spriggs, Chairman\n\n Kerim Sener, Managing Director\n\n\n\n Beaumont Cornish Limited Tel: 020 7628 3396\n\n Roland Cornish\n\n\n\n Alexander David Securities Limited Tel: 020 7448 9820\n\n Nick Bealer / David Scott\n\n\n\n Loeb Aron & Company Ltd Tel: 020 7628 1128\n\n Jonathan Willis-Richards / Frank Lucas\n\n\nEditors' note:\n\nAbout Ariana Resources\n\nAriana is an exploration and development company focused on epithermal\ngold-silver and porphyry copper-gold deposits in Turkey. Â The Company is\nexploring a portfolio of prospective licences selected on the basis of its\nin-house geological and remote-sensing database, on its own in western Turkey\nand in Joint Venture with European Goldfields Limited in north-eastern Turkey.\n\nThe Company's flagship assets are its Sindirgi and Tavsan gold projects. Â Both\nprojects contain a series of prospects, within two prolific mineralised\ndistricts in the Western Anatolian Volcanic and Extensional (WAVE) Province in\nwestern Turkey. Â This Province hosts the largest operating gold mines in Turkey\nand remains highly prosp...