Saguenay, October 29, 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 $581,000.
Arianne will issue 581 Units at a cost of $1,000 per Unit, each Unit including 5,333 flow-through common shares at a price of $0.15 per share, 1,538 common shares at a price of $0.13 per share and 3,435 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. 2 Company insiders purchased 8 Units.
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 $40,010 commission was paid to four non-related parties.
La Bourse de croissance TSX et son fournisseur de services de réglementation (selon le sens donné à ce terme dans les politiques de la Bourse de croissance TSX) n’assument aucune responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.
