MARIANA RESOURCES LIMITED
16 December 2009.
AIM and PLUS: MARL
Issue of Equity
Mariana Resources Ltd (‘Mariana Resources’ or ‘the Company’), the AIM quoted
exploration and development company focussed in Argentina and Chile, advises
that the final tranche of 3,300,000 shares that formed part of the £2.9 million
placement of 22,700,000 shares at 13 pence per share, announced on 16 November
2009, has now been settled and the shares issued.
The Company further announced on 30 November 2009 that it had entered into an
agreement with IAMGOLD Corporation (‘IAMGOLD’) giving Mariana Resources the
option to acquire the remaining 30% interest held by IAMGOLD in the Santa Cruz
Joint Venture in the emerging Deseado Massif gold-silver district in Southern
Argentina. The 1,000,000 shares in Mariana Resources as consideration for the
option have been issued at an implied price of 14.82 pence per share.
The total issued capital of the Company now comprises 128,228,235 ordinary fully
paid shares.
**ENDS**
John Horsburgh (Chairman) Mariana Resources Plc +61 2 94374588
John Sutcliffe (MD) Mariana Resources Plc +593 99 808080
Rob Adamson RFC Corporate Finance +61 2 9250 0041
Limited (Nomad)
Will Souter RFC Corporate Finance +61 2 9250 0050
Limited (Nomad)
Joe Lunn (Analyst) FinnCap (Broker) +44 20 7600 1658
Matthew Robinson FinnCap (Broker) +44 20 7600 1658
Felicity Edwards St Brides Media and +44 20 7236 1177
Finance Ltd
Hugo De Salis St Brides Media and +44 20 7236 1177
Finance Ltd
[HUG#1362239]