Ariana Resources plc : Issue of Equity and Total Voting Rights
28 February 2013
ISSUE OF EQUITY
TOTAL VOTING RIGHTS
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and
development company focused on Turkey, today announces the issue of 46,429,980
new ordinary shares of 1p each at 1.2675p pence per share (the "Issue") to
raise £588,500 before costs. The proceeds will be used for general working
capital purposes. The Issue is made pursuant to and following a draw down
under the Standby Equity Distribution Agreement ("SEDA") entered into by the
Company with YA Global Master SPV Ltd as announced on 20 January 2011.
Application will be made for the 46,429,980 new ordinary shares, which rank
pari passu with all existing ordinary shares, to be admitted to trading on AIM
("Admission"). Admission is expected to take place on or around 5 March
Following the issue of the New Ordinary Shares the Company's issued share
capital will consist of 417,449,474 Ordinary Shares with a nominal value of 1p
each, with voting rights ("Ordinary Shares"). The Company does not hold any
Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in
the Company with voting rights is 417,449,474 and this number should be used
by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company under the
Financial Service Authority's Disclosure and Transparency Rules.
Ariana Resources plc Tel: +44 (0) 20 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish / Felicity Geidt
S.P. Angel Corporate Finance LLP Tel: +44 (0) 20 3463 2260
Ewan Leggat / Laura Littley
St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Susie Geliher / Lottie Brocklehurst
About Ariana Resources
Ariana is an exploration and development company focused on epithermal
gold-silver and porphyry copper-gold deposits in Turkey. The Company is
developing a portfolio of prospective licences selected on the basis of its
in-house geological and remote-sensing database, on its own in western Turkey
and in Joint Venture with Eldorado Gold Corporation in north-eastern Turkey.
Eldorado owns 51% of this joint venture and is fully funding all exploration
work on the JV properties, while Ariana owns 49% and is the operator.
The Company's flagship assets are its Sindirgi and Tavsan gold projects which
form the Red Rabbit Gold Project. Both contain a series of prospects, within
two prolific mineralised districts in the Western Anatolian Volcanic and
Extensional (WAVE) Province in western Turkey. This Province hosts the
largest operating gold mines in Turkey and remains highly prospective for new
porphyry and epithermal deposits. These core projects, which are separated by
a distance of 75km, are presently being assessed as to their economic merits
and now form part of a Joint Venture with Proccea Construction Co. The total
resource inventory of the Company stands at 448,000 ounces of gold equivalent.
Ariana also has a strategic investment in Tigris Resources Limited
(www.tigrisresources.com), a private Jersey-based exploration company, which
is focused on the exploration of copper and gold deposits in southeastern
Turkey. Ariana retains 11.5% of Tigris Resources Limited.
S P Angel Corporate Finance LLP are 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.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Ariana Resources plc via Thomson Reuters ONE
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