Financing closed at .15c (1.4m shares to Insider!) This will help folks!
Arian Resources 5,466,666-share private placement
2014-06-24 17:01 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to the third tranche of a non-brokered private placement for Arian Resources Corp. announced Jan. 30, 2014, Feb. 3, 2014, and Feb. 7, 2014:
Number of shares: 5,466,666 shares
Purchase price: 15 cents per share
Warrants: 5,466,666 share purchase warrants to purchase 5,466,666 shares
Warrant exercise price: 25 cents for a two-year period; the warrants are subject to an accelerated exercise provision in the event the company's shares trade at or above a volume-weighted average trading price of 40 cents per share for 10 consecutive trading days
Number of placees: three
Insider: Mossadiq S. Umedaly 1.4 million
Finder's fee: Rehana Virjee will receive a finder's fee of 406,667 finder's shares and 406,667 finder's warrants that are exercisable into common shares at 25 cents per share for a 24-month period.