20 January 2010
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 21,425 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 29th January 2010. 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 171,070,664 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 distanceof 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
atwww.arianaresources.com <
http://www.arianaresources.com/>.
Ends
[HUG#1375328]