Saguenay,June11,2010.The management of Arianne Resources Inc. (DAN-V) (« Arianne ») is pleased to announce the completion of a non-brokered financing for an amount of $497,000.
Arianne will issue 318 “A” Units at a cost of $1,000 per Unit, for a total of 2,120,000 flow-through common shares at a price of $0.15 $ per share and 1,060,000 share purchase warrants. Each warrant allows for the purchase of one common share at a price of $0.20, for a period of 24 months following TSX approval. 4 Company insiders purchased 60 “A” Units.
Arianne will also issue 179 “B” Units at a cost of $1,000 per Unit, for a total of 1,376,123 common shares at a price of $0.13 per share and 688,062 share purchase warrants. Each warrant allows for the purchase of one common share at a price of $0.20, for a period of 24 months following TSX approval.
The new shares are subject to a four-month minimum hold period and are subject to the approval of the TSX Venture Exchange.
In regards with this financing, a $6,000 commission was paid to three non-related parties.
ArianneResourcesis a Canadian exploration company with the primary mission to explore, find and develop gold, phosphorus and uranium deposits in Canada and Mexico.
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.
