Arian Silver Corporation: Holding(s) in company
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LONDON, ENGLAND -- (Marketwired) -- 06/10/13 -- Arian Silver Corporation (TSX VENTURE: AGQ)(AIM: AGQ)(FRANKFURT: I3A) -
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:(ii) Arian Silver Corporation
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2. Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights X
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An acquisition or disposal of qualifying financial instruments which
may result in the acquisition of shares already issued to which voting
rights are attached
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An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please specify): Issue of new shares X
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3. Full name of person(s) subject to the
notification obligation:(iii) Sprott Asset Management LP
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4. Full name of shareholder(s) (if
different from 3.):(iv) See section 9
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5. Date of the transaction and date on
which the threshold is crossed or 31 May 2013
reached:(v)
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6. Date on which issuer notified: 7 June 2013
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7. Threshold(s) that is/are crossed or
reached:(vi, vii) 15%
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8. Notified details:
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A: Voting rights attached to shares(viii, ix)
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Situation previous to
Class/type the triggering Resulting situation after the triggering
of shares transaction transaction
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if
possible Number of
using the Number of Voting Number of Number of voting % of voting
ISIN CODE Shares Rights shares rights rights (x)
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Direct Indirect
Direct (xi) (xii) Direct Indirect
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Common
Shares 48,624,738 48,624,738 46,603,938 46,603,938 14.4%
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B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial Number of voting
instrument rights that may
be
acquired if the
Exercise/ instrument is % of
Expiration Conversion exercised/ voting
date(xiii) Period(xiv) converted. rights
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C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments (xv, xvi)
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Resulting situation after the triggering transaction
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Exercise/
Type of Expiration Conversion Number of voting % of voting
financial Exercise date period(xvi rights instrument rights (xix,
instrument price (xvii) ii) refers to xx)
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Nominal Delta
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Total (A+B+C)
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Number of voting rights Percentage of voting rights
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46,603,938 14.4%
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9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable:(xxi)
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Sprott Asset Management LP is the portfolio manager acting on behalf of the
Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund
L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund Ltd., Sprott Master Fund
II, Ltd., and certain Sprott managed accounts.
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Proxy Voting:
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10. Name of the proxy holder:
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11. Number of voting rights proxy holder will cease to hold:
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12. Date on which proxy holder will cease to hold voting
rights:
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13. Additional information:
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14. Contact name: David Taylor
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15. Contact telephone number: +44 (0)20 7887 6593
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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.
Contacts:
Arian Silver Corporation
David Taylor
+44 (0)20 7887 6593