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TSX Venture Exchange
Trading Symbol: ARC
Frankfurt: 0GT1
VANCOUVER,
Feb. 3, 2014 /CNW/ - Arian
Resources Corp. ("Arian" or "Company") - ARC: TSX-V.
Mr. Zahir (Zip) Dhanani, CEO and Chairman
of Arian, is pleased to announce that the Company will increase the
size of the previously announced private placement (the "Offering")
on January 30, 2014 and anticipates
raising an additional $2,100,000,
through the issuance of 14,000,000 units. The units will be issued
on the same terms as those previously announced at a price of
$0.15 per unit, with each unit
comprised of one common share and one share purchase warrant. Each
share purchase warrant (a "Warrant") entitles the holder to acquire
one additional common share for a period of two years at a price of
$0.25.
Each warrant is subject to accelerated expiry
provisions such that if at any time after the expiry of any resale
restriction governing the subscribed shares, the corporation's
common shares trade on the TSX Venture Exchange at or above a
volume-weighted average trading price of 40
cents per common share for 10 consecutive trading days, the
company may give notice to the holders that each warrant will
expire 30 days from the date of providing such notice.
In connection with the Offering, subject to
regulatory approval, the Company will pay certain eligible finders
finder's fee for units sold in the Offering, at the discretion of
Arian.
Proceeds of the placement will be applied to the
Company's Albanian properties and to general working capital.
All securities issued in connection with the
Offering will be subject to a statutory hold period of four months
plus a day from the date of issuance in accordance with applicable
securities law. The Offering is subject to a number of conditions
including receipt of all necessary corporate and regulatory
approvals, including approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Zahir ( Zip ) Dhanani,
President & CEO
About Arian Resources Corp.
Arian Resources Corp. is a junior exploration
company with a focus on the exploration of prospective mineral
properties in Albania.
This news release may contain forward-looking
statements including but not limited to comments regarding Arian's
plans for its financing activities. Forward-looking statements
address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements and Arian undertakes
no obligation to update such statements, except as required by
law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Arian Resources Corp.
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