CHICOUTIMI, QUEBEC-( Sept. 30, 2008) - Arianne Resources Inc. (TSX VENTURE:DAR) (FRANKFURT:JE9) (OTCBB:DARUF) (the "Company") is pleased to announce that it has held the final closing of its previously-announced private placement by issuing 638,000 flow-through units at a price of $0.07 per unit and 250,000 non flow-through units at a price of $0.06 per unit, for an aggregate gross proceeds to the Company of $59,660. Northern Securities Inc. acted as agent in the private placement.
The issue and sale of the 638,000 flow-through units and 250,000 non flow-through units represents the final closing of a private placement of a total of 15,123,713 flow-through units and 250,000 non flow-through units, under which the Company raised a total of $1,073,660.
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. Each non flow-through unit consists of one common share and one common share purchase warrant. The common share purchase warrant were issued with the same terms as those comprised in the flow-through unit.
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 63,800 units 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; and (ii) a non-transferable option to purchase 25,000 units at a price of $0.06 per unit, whereby each unit has the same terms as the non flow-through unit sold further to the private placement.
The net proceeds from the private placement will be used for exploration on the Company's properties and for working capital.
Under applicable securities legislation and the policies of the TSX Venture Exchange, all securities issued pursuant to the final tranche of the private placement are subject to a four-month hold period expiring on January 31, 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
CONTACT INFORMATION:
Source: Mr. Bernard Lapointe
CEO
418-549-7316
Fax: 418-549-5750
bernard@arianne-inc.com
or
For info:
Mr. Norman Forrest
VP - Development
450-736-0453
norman@arianne-inc.com
or
Investor Relations
AGORACOM- Toronto
dar@agoracom.com
www.agoracom.com/ir/Arianne
