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  5. Arian Silver raises £700K through share placement

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Arian Silver raises £700K through share placement

Thu, 28th Apr 2016 17:13

(ShareCast News) - Arian Silver Corp.'s shares fell on Thursday after the company announced a £700,000 fundraiser to boost its balance sheet and fund projects.The company placed 70 million new common shares at 1p each, with the proceeds to be used for advancing the exploration of its mining concessions in Zacatecas, Mexico. Arian said the funds raised will also be used in connection with its option agreement with Tierra Neuva Mineria to evaluate its portfolio of assets."The continuing support of our investors has made it possible to further strengthen our balance sheet and puts us in a stronger position to progress prospective mining opportunities in Mexico," said chief executive Jim Williamson."This coincides with signs of strengthening for the metal markets, which I believe will be sustained for the foreseeable future."Shares fell 2.98% to 1.14p at 1713 BST.
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23 Jun 2010 13:56

PRESS RELEASE: Arian Silver-AGM Result and Statement

LONDON, ENGLAND--(Marketwire - June 23, 2010) - Arian Silver Corporation ("Arian Silver" or the "Company") (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A) a silver exploration and development company with a focus on projects in the silver belt of Mexico, announces that all the resolutions propos

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28 May 2009 09:49

Mining round-up: Alba, Kalahari, Platinum Australia...

Full year losses more than doubled at UK based explorer Alba Minerals to £1.03m from £442,662 a year earlier, largely due to a £683,000 write-down on the carrying value of the group's exploration projects. The auditors report also raised fears about the firm's ability to continue as a going concern

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28 May 2009 09:02

Small caps round-up: Borders & Southern, AT Communications, Scapa ...

Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of

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