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Small caps round-up: Arian, eServGlobal. North River Resources

Mon, 25th Oct 2010 11:40

Arian Silver, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, has raised £3.89m through the placing of 21.6m shares at 18p each. The funds will be used to finance the drilling programme at its San Jose mine. Mobile phone billing software outfit eServGlobal has made up its mind what to do with the surplus cash it now has since it sold off its USP business to database software giant Oracle in May for AU$107m, and it has plumped for a return of capital to shareholders.Subject to shareholder approval, the company intends to return AU$0.33 per share in cash to shareholders. In total, AU$65m will be returned to shareholders.Southern African multi-commodity resource company North River Resources saw its shares surge on Monday after it provided an update on operations from its portfolio of assets in Namibia and Mozambique.The company is evaluating the possibility of joint venturing its Mozambique assets and is in discussions with three parties. As for its Namibian projects, it said a desk based target generation exercise has yielded a number of targets at Ubib, which are now being ground tested, while the Namib lead/zinc mine has been made safe for underground exploration works which will commence later this quarter. At Witvlei/Dordabis, a data review and assessment is underway with a view to recommending future steps for development"We believe that we have established a strong position in Namibia with three active exploration project areas ramping up and applications for new acreage submitted to Ministry of Mines & Energy for approval," said North River Resources chairman David Steinepreis.
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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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