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Ariana Resources Pfc Announces Issue Of Equity


Thursday, 28 Feb 2013 02:05am EST 

Ariana Resources Pfc announced the issue of 46,429,980 new ordinary shares of 1 pence each at 1.2675 pence per share (the Issue) to raise GBP588,500 before costs. The proceeds will be used for general working capital purposes. The Issue is made pursuant to and following a draw down under the Standby Equity Distribution Agreement (SEDA) entered into by the Company with YA Global Master SPV Ltd as announced on January 20, 2011. Application will be made for the 46,429,980 new ordinary shares, which rank pari passu with all existing ordinary shares, to be admitted to trading on AIM (Admission). Admission is expected to take place on or around March 05, 2013. 

Company Quote

0.9027
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27 Nov 2014