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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