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.
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (au sens donné à ce terme dans les politiques de la Bourse de croissance TSX) n’acceptent quelque responsabilité que ce soit quant au caractère adéquat ou à l’exactitude du présent communiqué de presse.
Source: M. Bernard Lapointe, Président Pour info: M. Norman Forrest, Administrateur Tél : (418) 549-7316 ; Fax : (418) 549-5750 Tél. : (450) 736-0453 bernard@arianne-inc.com
Pour info: M. Norman Forrest, Administrateur Tél : (418) 549-7316 ; Fax : (418) 549-5750 Tél. : (450) 736-0453 norman@arianne-inc.com
