Business
Notice of Placing
Notice of Placing.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n\n\n\n\n27 September 2007\nAIM / PLUS Markets: AAU\n\n FURTHER ISSUE OF EQUITY\n\nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold\nexploration company focused on Turkey, is pleased to announce that\nfollowing the announcement of a placing to raise £933,068 on 25\nSeptember 2007, a further placing has been arranged of 1,000,000 new\nOrdinary Shares of 1 pence each (\"the Further Placing\") at a price of\n4 pence per share, raising £40,000 before expenses, to satisfy Market\ndemand. One Warrant is issued for every three Ordinary Shares to\nsubscribe for new ordinary shares at a strike price of 8 pence with\nan exercise period of 3 years.\n\nThe Further Placing is conditional upon admission to trading on AIM\nof the new Ordinary Shares. Application has been made to the London\nStock Exchange for the new Ordinary Shares to be issued pursuant to\nthe Further Placing to be admitted to trading on AIM. It is\nanticipated that Admission will become effective and dealings will\ncommence on or around Tuesday 3 October 2007. The new Ordinary\nShares will rank pari passu, in all respects, with the existing\nOrdinary Shares that are currently traded on AIM. Following\nadmission of these shares, there will be a total of 73,784,062\nOrdinary Shares in issue. The warrants will not be listed.\n\n\nContacts:\n\n\nAriana Resources plc Tel: 020 7407 3616\nMichael Spriggs, Chairman\nKerim Sener, Managing Director\n\nBeaumont Cornish Limited Tel: 020 7628 3396\nRoland Cornish\n\nBankside Consultants Tel: 020 7367 8888\nMichael Padley / Louise Davis\n\nCity Capital Corporation Limited Tel: 020 7842 5867\nCharles Dampney\n\nKing & Shaxson Capital Limited Tel: 020 7426 5986\nNick Bealer\n\n\nEditors' note:\n\nAbout Ariana Resources\n\nAriana is a dynamic exploration company focused on the discovery and\ndevelopment of epithermal gold-silver and porphyry copper-gold\ndeposits with multi-million ounce potential within the Tethyan\nmetallogenic belt of Turkey. The Company has a portfolio of\nprospective licences covering 1,820km2, selected on the basis of its\nadvanced in-house remote sensing database.\n\nThe Company's flagship asset is the 235km2 Sindirgi Gold Project,\nwhich targets a series of prospects, within a prolific mineralised\ndistrict in western Turkey. The project hosts over 45km of\ngold-silver bearing epithermal quartz...