Saguenay, Quebec, January 11, 2010– Arianne Resources Inc. (« Arianne » or « Company ») is pleased to announce the closing of two non-brokered financing for maximum proceeds of $407 500 on December 23, 2009. The Company is pleased to bring new shareholders like FTQ Nord du Québec ($100,000), FIER Région 02 ($150,000) and SODEMEX (earlier financing of $100,000 and announced on September 24, 2009) and thanks all these institutional founds for their confidence. This financing will be used to advance exploration in our properties and particularly the development of the titanium/phosphorus deposits of Lac a Paul, Quebec.
The first placement consists of $351,500 in common share issued at the price of $0.15. Each common share comes with one half common share purchase warrant (at the price of $0.20 for the first 12 month and $0.30 between 13th month and 24th month).
The second placement consists of $56,000 in common share issued at the price of $0.19. Each common share comes with one half common share purchase warrant (at the price of $0.25 for the first 12 month and $0.35 between 13th month and 24th month). 80% of the financing consist in Flow-Through shares and 20% consist on Non-Flow-Through shares.
The new shares are subject to a four-month minimum hold period. This financing is subject to the approval of the TSX Venture Exchange. In these two financing, $53,000 have been provided by insiders of the Company.
ArianneResourcesis a Canadian exploration company with the mission to explore and develop gold, silver and phosphorus-titanium deposits in Canada and Mexico. The Company has less than 25 million shares issued and outstanding after these two financing. Investors can visit our website at www.arianne-inc.com.
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.