Investors

Investors

Press Releases

 Thu May 31, 2012
Approval of Fixed Share Option Plan and Grant of Share Options

 Trading Symbols
AIM : AGQ
TSX-V: AGQ
FWB: I3A

Correction from Source: The common shares of the Company exercisable at a price of C$0.26 or £0.162 announced at 13:36 today was published in error. The correct exercise price was C$0.32077 or £0.20. The full corrected text of the announcement is repeated below.

31 May 2012

Approval of Fixed Share Option Plan and Grant of Share Options

London, England, Arian Silver Corporation (the "Company") a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces that subject to approval by the TSX Venture Exchange (the "TSXV") , the Board approved the rolling share option plan to be converted to a fixed plan (the "Fixed Option Plan") under which 30,000,000 common shares of the Company with no par value ("common shares") would be reserved for issuance representing approximately 9.94% of the currently issued and outstanding common shares.

All currently subsisting options granted under any previous share option plan of the Company would form part of the 30,000,000 share limit.

Furthermore, the Board has approved the grant of options to Eligible Persons (as defined in the Fixed Option Plan) over 1,000,000 common shares of the Company exercisable at a price of C$0.32077 or £0.20 until 29 May 2017 pursuant to the rules of the share option plan. Such options vest immediately but may not be exercised until such time as the Fixed Option Plan has been approved by the TSXV.



For further information please contact:

Arian Silver Corporation
Berkeley Square House
Berkeley Square
London
W1J 6BD
England

OR

Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7887 6599
jwilliams@ariansilver.com

OR

Arian Silver Corporation
David Taylor
Company Secretary
(London) +44 (0)20 7887 6599
dtaylor@ariansilver.com

OR

Grant Thornton Corporate Finance
Gerry Beaney / David Hignell
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com

OR

XCAP Securities PLC
Karen Kelly
(London) +44 (0)20 7101 7070
Karen.Kelly@xcapgroup.com

OR

Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
dominic@yellowjerseypr.com

OR

CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 231
juliet@chfir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) and no stock exchange, securities commission or other regulatory authority accepts responsibility for the adequacy or accuracy of this release nor approved or disapproved of the information contained herein.
 
 

You can view the Next Press Releases item: Wed Jun 13, 2012, Confirmation of Filing of Fixed Share Option Plan

You can view the Previous Press Releases item: Thu May 31, 2012, Approval of Fixed Share Option Plan and Grant of Share Options

You can return to the main Press Releases page, or press the Back button on your browser.

Show printable version of 'Approval of Fixed Share Option Plan and Grant of S...' in a New Window