Business
Update on SEDA, Issue of Equity and TVR
Update on SEDA, Issue of Equity and TVR.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n\n\n\n\n9 February 2011\nAIM / PLUS Markets: AAU\n\n UPDATE ON STANDBY EQUITY DISTRIBUTION AGREEMENT\n\n ISSUE OF EQUITY\n\n TOTAL VOTING RIGHTS\n\n\nFurther to the announcement of 21 January 2011, Ariana Resources plc (\"Ariana\"\nor \"the Company\"), the gold exploration and development company focused on\nTurkey, is pleased to announce that under the £5 million Standby Equity\nDistribution Agreement (\"SEDA\") with YA Global Master SPV Ltd, an investment\nfund managed by Yorkville Advisors LLC (\"Yorkville\") the Company has today\nissued 3,988,985 new ordinary shares at £0.0376 as settlement of the agreed fee\nof £150,000 to secure the SEDA.\n\nApplication has been made to the London Stock Exchange for the new ordinary\nshares, which will rank pari passu will all existing ordinary shares to be\nadmitted to trading on AIM.  Admission is expected to take place on or around\n14 February 2011.\n\nFor the purposes of the Disclosure and Transparency Rules of the Financial\nServices Authority, the Company announces the following:\n\nAs at the date of this announcement, the Company's issued share capital consists\nof 225,978,517 Ordinary Shares with a nominal value of 1p each, with voting\nrights (\"Ordinary Shares\").  The Company does not hold any Ordinary Shares in\nTreasury.  Therefore the total number of Ordinary Shares in the Company with\nvoting rights is 225,978,517.\n\nThe above figure of 225,978,517 Ordinary Shares may be used by shareholders in\nthe Company as the denominator for the calculations by which they will determine\nif they are required to notify their interest in, or a change to their interest\nin, the share capital of the Company under the Financial Service Authority's\nDisclosure and Transparency Rules.\n\n\n\n\n\nContacts:\n\n Ariana Resources plc Tel: +44 (0) 20 7407 3616\n\n Michael Spriggs, Chairman\n\n Kerim Sener, Managing Director\n\n\n\n Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396\n\n Roland Cornish\n\n\n\n Alexander David Securities Limited Tel: +44 (0) 20 7448 9820\n\n Nick Bealer / David Scott\n\n\n\n Loeb Aron & Company Ltd Tel: +44 (0) 20 7628 1128\n\n Jonathan Willis-Richards / Frank Lucas\n\n\n\n St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177\n\n Hugo de Salis\n\n Susie Geliher\n\n\n\nEditors' note:\n\nAbout Yorkville Advisors and Yorkvill...