AGQ

Arian Silver Corporation ("Arian" or the "Company") (AIM:AGQ)(TSX
VENTURE:AGQ)(FRANKFURT:I3A), a silver exploration, development and production
company with a focus on projects in the Zacatecas silver belt of Mexico, is
pleased to announce that further to the Company's news release of 23 August
2013, the Company has successfully completed its private placement debt
financing (the "Private Placement") in the principal amount of US$15,585,000
consisting of a senior secured convertible note (the "Note") and has, upon
completion of the financing, completed the purchase of a processing plant with a
capacity to treat up to 1,500 tonnes per day of silver-lead-zinc ore at a cost
of US $3.12 million, as previously reported.


Jim Williams, Chief Executive Officer of Arian, commented today: "To have
successfully closed this private placement during such challenging times for
capital markets and the junior mining sector as a whole, is a testament to the
quality of the Company's mineral resource and confidence in management's ability
to put the mill into operation and resume operations.


The acquisition of this mill is a long-awaited development for the Company which
is expected to enable Arian to increase production in a modular manner up to a
maximum capacity of 1,500 tonnes per day. This, together with increased mine
production and the elimination of Arian's reliance upon third-party toll
millers, is expected to provide significantly increased operational control and
efficiency, which should therefore translate into significantly reduced
operational costs."


The Company will now proceed with refurbishment and transportation of the plant,
reassembling it at the Company's San Jose project where the necessary land is
being prepared for both the plant and the associated tailings. In addition, the
Company will continue to progress mine development to increase capacity to
coincide with the modular construction of the mill.


The Note will mature at a premium of 5% if not otherwise converted before 29
August 2014 and is convertible, in whole or in part, at the option of the
holder, Platinum Long Term Growth VIII, LLC, at any time up to that time, into
fully paid and non-assessable common shares ("Common Shares") in the capital of
the Company (collectively the "Note Shares") at pre-consolidation price of
C$0.11 per Note Share (the "Conversion Price"), or C$1.10 post-consolidation.
If, however, at the time of sending a conversion notice the Common Shares are
then listed on the TSX Venture Exchange ("TSXV"), not more than 96% in aggregate
(including prior conversions, if any) of the principal amount may be converted
at the Conversion Price, and in the event that all or any part of the remaining
4% is to be converted, it shall be converted based on the closing price of the
Common Shares on the TSXV immediately prior to the date of sending the
applicable conversion notice. The Note is secured on all or substantially all of
the Company's and its subsidiaries' assets.


On closing, the Company prepaid the full interest of 14%.

The TSXV has conditionally accepted the Private Placement and application for
admission to trading on London's AIM would be sought following receipt of a
conversion notice from the subscriber. The Note is subject to a four month hold
period that will expire on 30 December 2013.


In connection with the Private Placement, the agent, Fairfax Securities
Corporation DBA Jett Capital Advisors LLC, received a placement fee of 5% and
the subscriber received an arrangement fee of 4% from the gross proceeds of the
Offering.


Forward-Looking Information:

This press release contains certain "forward-looking information". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements relating to
the Company's anticipated plans to transport, refurbish and operate the El Bote
processing plant, planned mine expansion, and ability to achieve increased
operational control or efficiency, or reduced operational costs, constitute
forward-looking information). This forward-looking information reflects the
current expectations or beliefs of the Company based on information currently
available to the Company as well as certain assumptions. Forward-looking
information is subject to a number of significant risks and uncertainties and
other factors that may cause the actual results of the Company to differ
materially from those discussed in the forward-looking information, and even if
such actual results are realized or substantially realized, there can be no
assurance that they will have the expected consequences to, or effects on the
Company. Factors that could cause actual results or events to differ materially
from current expectations include, but are not limited to, unexpected delays in
completing the transportation and refurbishment of the processing plant which
could lead to unexpected delays in the start of operations and delays in the
Company's mine expansion plans.


Any forward-looking information speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking information,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty therein.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) and no stock
exchange, securities commission or other regulatory authority accepts
responsibility for the adequacy or accuracy of this release nor approved or
disapproved of the information contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0) 20 7887 6599
jwilliams@ariansilver.com


Arian Silver Corporation
David Taylor
Company Secretary
(London) +44 (0) 20 7887 6599
dtaylor@ariansilver.com


Grant Thornton UK LLP
Philip Secrett / David Hignell
(London) +44 (0) 20 7383 5100
philp.j.secrett@uk.gt.com


Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0) 7768537739
dominic@yellowjerseypr.com


XCAP Securities PLC
Jon Belliss
(London) +44 (0) 20 7101 7070
jon.belliss@xcapgroup.com


CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 239
juliet@chfir.com

Arian Silver Corporation (TSXV:AGQ)
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Arian Silver Corporation (TSXV:AGQ)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025