RE: Anyone know?Here is Arian's reply, it comes from investor relations.
Thank you for your interest and support inArian Silver Corporation (TSXV/AIM:AGQ).
The recent share transaction with Grafton Resource Fund, a subsidiary fund ofNewland Fund Management, is now complete as you know, and to answer your questionthe Arian-owned Grafton shares, will be sold. Along the lines of: A getsGrafton, and G gets Arian, and then A sells Grafton and G holds Arian.Because Grafton now owns a large percentage in the Company, it isin their best interest to sell the shares at the best price possible, as thismoney will go towards putting the property into production and thus brining morevalue for Grafton. It is essentially a win-win situation. Grafton raisesmoney, and supports Arian Silver in their endeavors to make Arian Silver aproducing company. For an article from minesite.com regarding Arian andGrafton, please see https://www.321gold.com/pr/021809_arian.html.
That being said, the Company has hired ACA Howe in order to upgrade thein-house scoping study already complete, to a 43-101 compliant scoping study.The results show a robust resource that necessitated , CEO to hire ACA Howe for the full study. ArianSilver anticipates being into production by the end of Q4 2009. Theinitial production is anticipated to be used as cash flow for the company toenter production on the property independently, general working capital, and working to advance theTepal project as well.
Hope this helps. I have also attachedfor you the company profile regarding the projects and the company’splans.
Please feel free to call if you have anyquestions.
Cheers
CHF Investor Relations