Issue of Equity- Correction
The following announcement replaces the Issue of Equity announcement, HUG#1508595, released at 17.00 on 21 April 2011. There was a typographical error in the first paragraph and the number of new ordinary shares issued to Rivington Street Sales and Conferences Limited should have read 438,333 and not 483,333. All other text remains the same. A correction of the full announcement is below.
21 April 2011
AIM / PLUS Markets: AAU
ISSUE OF EQUITY
TOTAL VOTING RIGHTS
The Board of Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, today announces the issue of 438,333 new ordinary shares of 1p each in the capital of the company at 6p each to Rivington Street Sales and Conferences Limited in settlement of certain invoiced services.
Application will be made for the new ordinary shares, which will rank pari passu, with all existing ordinary shares, to be admitted to trading on AIM. Admission is expected to take place on or around 28 April 2011 (“Admission”)
At Admission, the Company's issued share capital will consist of 250,920,008 Ordinary Shares with a nominal value of 1p each, with voting rights (“Ordinary Shares”). The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 250,920,008.
The above figure of 250,920,008 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority’s Disclosure and Transparency Rules.
Contacts:
Ariana Resources plc
Tel: +44 (0) 20 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited
Tel: +44 (0) 20 7628 3396
Roland Cornish / Felicity Geidt
Fairfax I.S. PLC
Tel: +44 (0) 20 7598 5368
Ewan Leggat / Laura Littley
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177
Hugo de Salis / Susie Geliher
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 developing 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. European Goldfields owns 51% of this joint venture and, as the operator, is fully funding all exploration work on the JV properties until delivery of a feasibility study.
The Company's flagship assets are its Sindirgi and Tavsan gold projects which form the Red Rabbit Gold Project. Both 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 and now form part of a Joint Venture with Proccea Construction Co. The total resource inventory of the Company stands at 448,000 ounces of gold equivalent.
Ariana also has a strategic investment in Tigris Resources Limited (www.tigrisresources.com), a private Jersey-based exploration company, which is focused on the exploration of copper and gold deposits in southeastern Turkey. Ariana retains 15% of Tigris Resources Limited.
Fairfax I.S. PLC are 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
