Arian Resources Corp. (TSXV:ARC) announced a non-brokered private placement of up to 3,300,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 165,000 on November 9, 2015. Each unit consists of one common share and one share purchase warrant.

Each warrant entitles the holder to acquire one additional common share for a period of five years at a price of CAD 0.07 per share. The transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. The securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance.