Saguenay, Quebec CANADA, December 03, 2007 - Arianne Resources Inc. (DAR - TSX Venture), (the "Company") is pleased to announce that it has completed its previously-announced private placement of flow-through units and non flow-through units. Northern Securities Inc. acted as agent in the private placement. The gross proceeds to the Company amount to $2,794,410.
At the closing, the Company issued 13,046,066 flow-through units at a price of $0.15 per unit, for gross proceeds to the Company of $1,956,910. Each flow-through unit consists of one common share and one-half of one common share purchase warrant. Each full common share purchase warrant entitles the holder thereof to purchase one additional common share of the Company for a period of 24 months from the closing date at a price of $0.18 per share.
The Company also issued 6,700,000 non flow-through units at a price of $0.125 per unit, for gross proceeds to the Company of $837,500. Each non flow-through unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder thereof to purchase one additional common share of the Company for a period of 24 months from the closing date at a price of $0.15 per share.
In connection with the private placement, in addition to the payment of a cash commission of 8% of the gross proceeds of the private placement, the Company issued to Northern Securities: (i) a non-transferable option to purchase 1,304,606 units, a number of units equal to 10% of the aggregate number of flow-through units sold further to the private placement at a price of $0.15 per unit, whereby each unit consists of one common share and one common share purchase warrant entitling the holder thereof to acquire one (1) additional common share at a price of $0.18 per share for a period of twenty-four (24) months following the closing; and (ii) a non-transferable option to purchase 670,000 units, a number of units equal to 10% of the aggregate number of non flow-through units sold pursuant to the private placement at a price of $0.125 per unit, whereby each unit consists of one common share and one common share purchase warrant entitling the holder thereof to acquire one (1) additional common share at a price of $0.15 per share for a period of twenty-four (24) months following the closing.
The net proceeds from the private placement will be used for exploration in the Company's properties and for the Company's general purposes.
Under applicable securities legislation and the policies of the TSX Venture Exchange, the common shares and warrants comprising the units are subject to a four-month hold period expiring on April 1, 2008.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For additional information, please contact
Mr. Bernard Lapointe
President
Tel : (418) 549-7316
Fax : (418) 549-5750
bernard@arianne-inc.com
Norman Forrest
Director
450-736-0453
n.forrest@videotron.ca
