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Arian Silver rejoins AIM but branded 'walking dead'

Tue, 15th Dec 2015 12:34

(ShareCast News) - Shares in Arian Silver Corporation tanked 85% after resuming trading on AIM with management repeating the claim that there is enough cash to last until February.Loan note provider Quintana AGQ Holding has agreed a settlement after Arian defaulted in early November, with Quintana also waiving its right to demand $0.65m reimbursement but swiping the company's flagship San José project in Mexico.Arian said it was in financing discussions as its net working capital of $0.41m are only expected to sustain the company to February 2016 when it will need to raise additional funds for its projects in Mexico and for general working capital purposes.After giving up its Toronto listing on 1 December 2015, Arian added that it would no longer be publishing quarterly results.With the company's "heart ripped out" by Quintana's taking of the San Jose project, analyst Yuen Low at Shore Capital said he saw Arian "as one of the walking dead, at least for the time being".He added: "The problem, as we see it, is how Arian is to raise financing to keep going beyond that."Arian's shares were suspended from AIM in October "pending clarification of the company's financial position" after Quintana served notice to terminate the letter of intent announced in September.
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26 Sep 2018 13:09

Arian Silver Loss Widens On Expenses, Plans Alien Metals Name Change

LONDON (Alliance News) - Mining company Arian Silver Corp on Wednesday said its loss widened in the first half of the year on administrative expenses as the company continued development of its a

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20 Sep 2018 14:22

Arian Silver Secures Approval To Changes Name To Alien Metals

LONDON (Alliance News) - Arian Silver Corp said Thursday that its shareholders voted in favour of the company's name change to Alien Metals Ltd.At the company's annual general held

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10 May 2018 13:42

UPDATE: Arian Silver Shuffles Board, Raises GBP602,000 In Placing (ALLISS)

LONDON (Alliance News) - Arian Silver Corp said Thursday it has new raised funds through a private placing on Tuesday and also announced major changes to its board.Shares were trading 18% a

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10 May 2018 12:48

Arian Silver Shuffles Board As It Raises GBP602,000 In Placing (ALLISS)

LONDON (Alliance News) - Arian Silver Corp said Wednesday it has raised funds through a private placing on Tuesday while also announced major changes to its board.The exploration company of

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9 Jan 2017 08:12

Arian Silver upbeat after high-grade results at San Celso

(ShareCast News) - Arian Silver Corporation announced high-grade silver results from the recently completed surface sampling and geological mapping of its wholly-owned San Celso project located in central Zacatecas State, Mexico on Monday. The AIM-traded firm said the results demonstrate that San Ce

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20 Dec 2016 10:31

WINNERS & LOSERS SUMMARY: Lloyds Shares Rise After MBNA Deal

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20 Dec 2016 09:06

Arian Silver discovers two major veins at Los Campos

(ShareCast News) - Arian Silver Corporation reported evidence of the presence of two major vein systems on its wholly-owned Los Campos project on Tuesday. The AIM-traded company said the discovery followed the completion of the work programme to advance targeted exploration, which was initially anno

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24 Aug 2016 12:53

Arian Silver extends exclusive gold, silver project evaluation period

(ShareCast News) - Arian Silver said the exclusivity period for it to evaluate a gold and silver tailings project held by Tierra Nuevo Mining Ltd has been extended by 60 days to 28 October. There was no cost incurred in securing the extension, which followed a 120-day period. As reported previously

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29 Jun 2016 11:13

Arian Silver Loss Widens In 2015, Seeks Near-Term Revenue Projects

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13 May 2016 09:38

WINNERS & LOSERS SUMMARY: Inmarsat Bruised By Eutelsat Read-Across

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13 May 2016 07:29

Arian Silver Starts Metallurgical Test Work At Noche Buena

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4 May 2016 09:36

WINNERS & LOSERS SUMMARY: Deal For London Bus App Lifts Proxama 20%

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4 May 2016 09:01

Arian Silver Pays For Exclusivity On Mexican Tailings Evaluation

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28 Apr 2016 17:13

Arian Silver raises £700K through share placement

(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 concess

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28 Apr 2016 08:10

Arian Silver Raises GBP700,000 To Advance Mexico Exploration (ALLISS)

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