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LONDON, ENGLAND--(Marketwired - Aug. 23, 2013) - Arian Silver Corporation (the "Company") (AIM:AGQ)(TSX VENTURE:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces further to its announcement on 26 July 2013 the positive advancement of negotiations regarding future financing. The private placement debt financing of US$15,585,000 (the "Private Placement") comprises a senior secured convertible note (the "Note"), which would mature at a premium of 5% if not otherwise converted, twelve months from its date of issuance and will bear interest at an annual rate of 14% to be prepaid in full upon closing of the Private Placement. |
