By Sheri Kasprzak
New York, May 11 - Ariana Resources plc has settled a private placement of shares for £2 million.
The company issued 15,384,617 shares at 13p each to institutional and private investors.
The proceeds will be used for exploration and drilling at the company's Sindirgi gold project in Turkey.
Based in Didcot, England, Ariana is a gold, silver and copper exploration company focused on properties in Turkey.
| Issuer: | Ariana Resources plc
|
| Issue: | Stock
|
| Amount: | £2 million
|
| Shares: | 15,384,617
|
| Price: | 13p
|
| Warrants: | No
|
| Settlement date: | May 11
|
| Stock symbol: | London: AAU
|
| Stock price: | 15p at close May 10
|
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