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LONDON, ENGLAND--(Marketwire - Oct. 18, 2010) - Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE:AGQ) (AIM:AGQ) (PLUS:AGQ) (FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces that it has appointed Xcap Securities PLC ("Xcap"), the Company's UK broker, as Agent in connection with a financing to raise £3,115,000 (before expenses) by way of a brokered placement of 17,305,547 common shares of the Company at 18p per common share. The Company also announces a concurrent non-brokered subscription in Canada of 4,298,888 common shares of the Company to raise £773,800 (before expenses), also at 18p per common share (collectively the "Placement"). |
