By Devika Patel
Knoxville, Tenn., Oct. 24 - Arian Silver Corp. said it completed a C$1.75 million non-brokered private placement of stock. The deal priced for C$2 million on Oct. 6.
The company planned to sell up to 20 million common shares at C$0.10 apiece, but ended up selling 17.5 million shares.
Proceeds will be used to fund work programs on the company's projects in Mexico as well as for general corporate purposes.
Arian is a silver exploration and development company with headquarters in London.
| Issuer: | Arian Silver Corp.
|
| Issue: | Common shares
|
| Amount: | C$1.75 million
|
| Shares: | 17.5 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 6
|
| Settlement date: | Oct. 24
|
| Stock symbol: | TSX Venture: AGQ
|
| Stock price: | C$0.12 at close Oct. 3
|
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