CHICOUTIMI, QUEBEC-(Sept. 19, 2008) - Arianne Resources Inc. (TSX VENTURE:DAR) (FRANKFURT:JE9) (OTCBB:DARUF) (the "Company") is pleased to announce that it has completed the first tranche of its previously-announced private placement. Northern Securities Inc. acted as agent in the private placement.
At the closing, the Company issued 14,485,713 flow-through units at a price of $0.07 per unit, for gross proceeds to the Company of $1,014,000. 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 $0.10 per share.
In connection with the private placement, in addition to the payment of a cash commission of up to 8% of the gross proceeds of the private placement to Northern Securities, the Company issued non-transferable options to purchase an aggregate of 1,448,571 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 $0.07 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 $0.10 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.
Under applicable securities legislation and the policies of the TSX Venture Exchange, the common shares and warrants comprising the flow-through units are subject to a four-month hold period expiring on January 19, 2009.
Arianne Resources is a Canadian exploration company with the primary mission to explore, find and develop gold and uranium deposits in Canada and Mexico. The content of this press release was reviewed and approved by Mr. Bernard Lapointe, Ph.D. geo. and Qualified Person as defined in NI 43-101.
Investors are encouraged to visit Arianne Resources investor relations hub at www.agoracom.com/IR/Arianne to ask questions and receive answers or consult the questions and answers already posted by other investors. Investors can send all questions or requests for information to DAR@agoracom.com and they may also apply to be added to the mailing list to receive future press releases and updates timely.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. NOTHING CONTAINED HEREIN CONSTITUTES AN OFFERING OF SECURITIES OF THE CORPORATION IN THE UNITED STATES
For more information, please contact
Arianne Resources Inc.
Mr. Bernard Lapointe
CEO / President
418-549-7316
418-549-5750 (FAX)
bernard@arianne-inc.com
or
Arianne Resources Inc.
Mr. Norman Forrest
VP - Development & Director
450-736-0453
norman@arianne-inc.com
or
Investor Relations
AGORACOM- Toronto
www.agoracom.com/ir/Arianne
dar@agoracom.com
