Arianne Completes a $497,000 Financing
Company:
Arianne Resources
Title:
Arianne Completes a $497,000 Financing
Text:
SAGUENAY, QUEBEC--(Marketwire - June 11, 2010) - The management of Arianne Resources Inc. ("Arianne")(TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) 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.
Arianne Resources is a Canadian exploration company with the primary mission to explore, find and develop gold, phosphorus and uranium deposits in Canada and Mexico.
SAGUENAY, QUEBEC--(Marketwire - June 11, 2010) - The management of Arianne Resources Inc. ("Arianne")(TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) 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.
Arianne Resources is a Canadian exploration company with the primary mission to explore, find and develop gold, phosphorus and uranium deposits in Canada and Mexico.