15 June 2009
AIM / PLUS Markets: AAU
WARRANT OFFER CLOSING DATE
Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, draws
shareholders attention to the warrant offer to be approved by Special
Resolution at the Annual General Meeting ("AGM") on the 29th June
2009.
The Board proposes to offer share warrants to all shareholders on the
basis of 1 warrant for each 5 shares held as at 27th May 2009. These
warrants will be for a subscription price of 3 pence and valid for 12
months from date of issue. Each shareholder is invited to apply for
warrants on the form provided with the Annual Report that was sent to
shareholders. All applications need to be received by no later than
the close of business on 25 June 2009. An over and under allotment
will be applied on a pro rata basis for all warrants not subscribed
for by the cut off date. The warrant issue will be for a maximum of
£284,510 of nominal share capital.
The Special Resolution will authorise the Company to issue and allot
up to 28,451,015 warrants to existing shareholders of the Company to
subscribe for one ordinary share at 3 pence for 12 months from the
date of issue. Such shareholders will have received an application
form which must be completed and returned to the registrar before the
AGM. A copy of this application form is available on the Company
website.
Contacts:
Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish
Lothbury Financial Tel: 020 7011 9411
Michael Padley / Libby Moss
Alexander David Securities Limited Tel: 020 7448 9820
Nick Bealer / David Scott
Loeb Aron & Company Ltd Tel: 020 7628 1128
Peter Freeman / Frank Lucas
Editors' note:
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 exploring 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 European
Goldfields Limited in north-eastern Turkey.
The Company's flagship assets are its Sindirgi and Tavsan gold
projects. Both projects 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. The total resource
inventory of the Company stands at 401,000 ounces of gold
equivalent.
Loeb Aron & Company Ltd. and Alexander David Securities 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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