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Re: Press Releases - Friday, March 27, 2009
ARIAN ANNOUNCES RESULT OF GENERAL MEETING HELD TODAY
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Arian Silver Corporation ("Arian" or the "Company") announces that at a
General Meeting of shareholders held today in London, England, approval
was given to issue an additional 82,993,679 common shares of the
Company to Grafton Resource Investments Ltd ("Grafton") in connection
with the previously announced share exchange transaction with Grafton
(see Arian press releases of 27 January, 5 February and 26 February
2009).
The share issue is now subject only to receipt of the final approval of
the TSX Venture Exchange ("TSXV"). Following receipt of TSXV approval
Arian will issue 82,993,679 common shares at Cdn$0.055 per share
equating to approximately Cdn$4,564,653 and Grafton will issue the same
dollar value of its ordinary shares to Arian. The number of Grafton
ordinary shares to be issued in exchange for the Arian common shares
shall be determined by reference to the net asset value per Grafton
ordinary share calculated as at the close of business on 31 March 2009.
Following closing of this share exchange Grafton's share interest in
Arian will increase from 14.9% to approximately 42.2% (calculated as at
the date hereof).
For further information please contact:
Arian Silver Corporation
Carlyle House
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England
Jim Williams - CEO
(London) +44 (0)20 7963 8670 / email: jwilliams@ariansilver.com
Graham Potts -- CFO & Corporate Secretary
(London) +44 (0)20 7963 8670 / email: gpotts@ariansilver.com
Bishopsgate Communications Limited
Nick Rome
(London) +44 (0)20 7562 3350 / email:
Nick.Rome@bishopsgatecommunications.com
Vicarage Capital Limited
Martin Wood
(London) +44 (0)20 7060 1303 / email: martin@vicaragecapital.com
Grant Thornton UK LLP
Gerry Beaney
(London) +44 (0)20 7385 5100 / email: gerry.d.beaney@gtuk.com
CHF Investor Relations
Alison Tullis
(Canada) +1 416 868 1079 Ext. 233 / email: Alison@chfir.com
About the Company
Arian Silver Corporation is a silver exploration and development
company listed on London's AIM and "PLUS", on Toronto's TSX Venture
Exchange and on the Frankfurt Stock Exchange. Arian Silver is active in
Mexico, the world's second largest silver producing country. The
Company's main projects are the Calicanto and San Jose projects in
Zacatecas State and the Tepal project in Michoac�n State. Part of Arian
Silver's forward-looking strategy lies in the envisaged use of large
scale mechanized mining techniques over wider mineralized structures,
which reduces the overall unit operating cost of metals, and to build
up NI 43-101 compliant resources.
Further information can be found by visiting Arian's website:
www.ariansilver.com or the Company's publicly available records at
www.sedar.com.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained in this release.
Neither 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.
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Copyright (c) 2009 ARIAN SILVER CORPORATION (AGQ) All rights reserved.
For more information visit our website at http://www.ariansilver.com/
or send mailto:info@ariansilver.com
Message sent on Fri Mar 27, 2009 at 6:54:43 AM Pacific Time
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