LONDON, UK: Ariana Resources plc has announced that its subsidiary Venus Minerals Limited, which holds a portfolio of copper-gold assets in Cyprus, is preparing to list on AIM in the third quarter of 2023. Venus, in which Ariana currently has a 58% stake, is planning to raise up to £3 million from new investors as…
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Ariana Resources launches its wholly-owned Asgard Metals Fund
LONDON, UK: Ariana Resources plc announced the launch of its wholly-owned Asgard Metals Fund, which is being developed as part of Ariana’s proprietary Project Catalyst Strategy. The Fund will be focused on investments in discovery-stage mineral exploration companies following defined exploration and development work programmes on specific projects. Highlights: · Asgard Metals Pty. Ltd., the…
Ariana Resources completes joint venture with Özaltin Holding and Proccea Construction
LONDON: Ariana Resources plc announced the completion of its transformational joint venture with Özaltin Holding A.S. and Proccea Construction Co. following the satisfaction of all conditions precedent. Expanded joint venture with Özaltin and Proccea involves the partial disposal of the company’s interests in Turkey in exchange for US$37.75 million in cash before costs and taxation…
Ariana Resources signs conditional agreement to sell satellite projects
LONDON: Ariana Resources plc ha announced the conditional agreement for the sale of its remaining projects in Turkey to Zenit Madencilik San. ve Tic. A.S., ahead of the planned completion of its agreements with Özaltin Holding A.S. and with Proccea Construction Co., concerning the proposed expanded joint venture. The Zenit joint venture is currently owned…