Business
Tavsan Licences Update
Tavsan Licences Update.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n\n\n\n4 September 2008\nAIM / PLUS Markets: AAU\n\nARIANA RESOURCES plc\n\n TAVSAN LICENCES UPDATE\n\nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold\nexploration and development company focused on Turkey, is pleased to\nannounce that further to the transfer of five operating and one\nexploration licence from Odyssey Resources Limited (\"Odyssey\"), as\nannounced on 19 August 2008, it has issued 2,400,000 new Ordinary\nShares on 22 August 2008, of the 3,000,000 Ordinary Shares held in\nescrow, to Odyssey as consideration for these transfers, in\naccordance with the terms of the Definitive Agreement with Odyssey as\nannounced on 13 May 2008.\n\nApplication will be made for the new ordinary shares which will rank,\npari passu, with all existing ordinary shares to be admitted to\ntrading on AIM and trading is expected to commence on 10 September\n2008.\n\nThe Company's enlarged Ordinary Shares in issue following this share\nissue will be 92,255,078 Ordinary Shares.\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\nLothbury Financial Tel: 020 7011 9411\nMichael Padley / Louise Davis\n\nLoeb Aron & Company Ltd Tel: 020 7628 1128\nPeter Freeman / Frank Lucas\n\nAlexander David Securities Limited Tel: 020 7448 9800\nNick Bealer / David Scott\n\n\nAbout Ariana Resources\n\nAriana is an exploration and development company focused on\nepithermal gold-silver and porphyry copper-gold deposits in Turkey.\nThe Company is exploring a portfolio of prospective licences selected\non the basis of its in-house remote-sensing database.\n\nThe Company's flagship asset is the Sindirgi Gold Project, which\ntargets a series of prospects, within a prolific mineralised district\nin western Turkey. The project hosts over 45km of gold-silver\nbearing epithermal quartz veins. This project is presently being\nassessed as to its economic merits.\n\nLoeb Aron & Company Ltd. and Alexander David Securities Limited are\njoint brokers to the Company and Beaumont Cornish Limited is the\nCompany's Nominated Adviser.\n\nFor further information on Ariana you are invited to visit the\nCompany's website at www.arianaresources.com.\n\nEnds\n\n---END OF MESSAGE---\n\n\n\n\n\n\n\n\n \n ","length":2518,"tagName":"d...