27 September 2007
AIM / PLUS Markets: AAU
FURTHER ISSUE OF EQUITY
Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, is pleased to announce that
following the announcement of a placing to raise £933,068 on 25
September 2007, a further placing has been arranged of 1,000,000 new
Ordinary Shares of 1 pence each ("the Further Placing") at a price of
4 pence per share, raising £40,000 before expenses, to satisfy Market
demand. One Warrant is issued for every three Ordinary Shares to
subscribe for new ordinary shares at a strike price of 8 pence with
an exercise period of 3 years.
The Further Placing is conditional upon admission to trading on AIM
of the new Ordinary Shares. Application has been made to the London
Stock Exchange for the new Ordinary Shares to be issued pursuant to
the Further Placing to be admitted to trading on AIM. It is
anticipated that Admission will become effective and dealings will
commence on or around Tuesday 3 October 2007. The new Ordinary
Shares will rank pari passu, in all respects, with the existing
Ordinary Shares that are currently traded on AIM. Following
admission of these shares, there will be a total of 73,784,062
Ordinary Shares in issue. The warrants will not be listed.
Contacts:
Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish
Bankside Consultants Tel: 020 7367 8888
Michael Padley / Louise Davis
City Capital Corporation Limited Tel: 020 7842 5867
Charles Dampney
King & Shaxson Capital Limited Tel: 020 7426 5986
Nick Bealer
Editors' note:
About Ariana Resources
Ariana is a dynamic exploration company focused on the discovery and
development of epithermal gold-silver and porphyry copper-gold
deposits with multi-million ounce potential within the Tethyan
metallogenic belt of Turkey. The Company has a portfolio of
prospective licences covering 1,820km2, selected on the basis of its
advanced in-house remote sensing database.
The Company's flagship asset is the 235km2 Sindirgi Gold Project,
which targets a series of prospects, within a prolific mineralised
district in western Turkey. The project hosts over 45km of
gold-silver bearing epithermal quartz veins.
City Capital Corporation Limited and King & Shaxson Capital Limited
are joint brokers to the Company and Beaumont Cornish Limited is the
Company's nominated adviser.
For further information on Ariana you are invited to visit the
Company's website at www.arianaresources.com.
Ends
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