1 October 2009
AIM / PLUS Markets: AAU
ISSUE OF EQUITY
Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, announces the
issue, today, of 216,753 new Ordinary Shares of 1p per share
("Ordinary Shares") at a price of 3p per Ordinary Share as a result
of the exercise of warrants issued following the Special Resolution
passed at the Annual General Meeting ("AGM") on the 29th June 2009.
Application will be made to the London Stock Exchange for the new
Ordinary Shares to be admitted to trading on AIM. It is anticipated
that Admission will become effective and dealings will commence on or
around 9 October 2009. The new Ordinary Shares will rank pari passu,
in all respects, with the existing Ordinary Shares that are currently
in issue and are traded on AIM. Following admission of these shares,
and the placing shares as announced this morning, there will be a
total of 170,749,746 Ordinary Shares in issue.
Contacts:
Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish
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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