By Devika Patel
Knoxville, Tenn., Jan. 22 - Arian Silver Corp. said it settled a C$3.5 million non-brokered private placement of units. The deal priced for C$3 million on Dec. 10.
The company sold 69,997,139 units of one share and one half-share warrant at C$0.05 per unit. The whole warrants are exercisable at C$0.10 each for one year.
Proceeds will be used to advance the San Jose project to production, to repay loans and for general corporate purposes.
Arian is a silver exploration and development company with headquarters in London.
| Issuer: | Arian Silver Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3,499,857
|
| Units: | 69,997,139
|
| Price: | C$0.05
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 10
|
| Settlement date: | Jan. 22
|
| Stock symbol: | TSX Venture: AGQ
|
| Stock price: | C$0.055 at close Dec. 9
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
