Mexican Mining

[Lone Clone]

Arian Silver Corporation - Company Update

Mon, 14 Sep, 2015 12:56 PM EDT

https://ca.finance.yahoo.com/news/arian-silver-corporation-company-165600963.html

AGQ.V 0.165 +0.025


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

LONDON, Sept. 14, 2015 /CNW/ - Arian Silver Corporation (the "Company"), a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces today that, further to its announcement dated 31 August 2015, the Company remains in financing discussions and as at 4 September 2015, had the following unaudited balances:

$745k Cash
$ 48k Accounts receivable
$570k Trade payables
$223k Net working capital

These amounts exclude accrued income and expenditure, and the receivable balance as at 31 August 2015 of $2,174k in respect of IVA (Mexican sales tax) of which $338k is expected to be received in Q4 2015.

There can be no certainty as to the outcome of the financing discussions but the Company's mining contractors have confirmed their on-going support pending a definitive conclusion.

The Company will provide an update in respect of its working capital position and developments in its financing discussions, in due course.

SOURCE Arian Silver Corporation



Contact:
Arian Silver Corporation: Jim Williams, CEO, David Taylor, Company Secretary, [phone]; Northland Capital Partners Limited: Gerry Beaney / John Howes, (London) [phone]; OR Cantor Fitzgerald Europe: Stewart Dickson / Jeremy Stephenson / David Porter / Patrick Pittaway, (London) [phone]; OR Yellow Jersey PR Limited: Dominic Barretto, (London) [phone], [e-mail]