Adrian closes $3.03-million private placement

Arian Silver Corp (C:AGQ)
Shares Issued 105,395,469
Last Close 6/4/2008 $0.25
Thursday June 05 2008 - News Release
Mr. Jim Williams reports
NON-BROKERED PRIVATE PLACEMENT COMPLETED
Arian Silver Corp. has completed, subject only to receipt of the TSX Venture Exchange approval, the previously announced non-brokered private placement (see news in Stockwatch on April 24, 2008).
The placement has raised $3,023,000 and comprises 12,092,000 units of the company at 25 cents per unit. Each unit consists of one common share of the company and one-half of a common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share for a period of 18 months following from the closing of the placement at an exercise price of 35 cents per warrant share, provided that in the event that the closing price of the common shares of the company on the TSX Venture Exchange exceeds Cdn$0.65 for any period of twenty (20) consecutive trading days, the Company may accelerate the expiry date of the Warrants by providing notice to the Warrant holders, in which case, all unexercised Warrants will expire thirty (30) days after such notice.
In connection with the Offering, a finder's fee, payable in cash, of up to Cdn$211,610 representing 7% of the aggregate gross proceeds raised under the Offering, is payable to registrants who have assisted with the Offering.
The securities issued under the Offering are subject to a hold period expiring on 30 September 2008.
Application has been made for the 12,092,000 common shares to be admitted to London's AIM and it is expected that they will be admitted on 3 June, 2008.
© 2008 Canjex Publishing Ltd.