Arian Resources Corp. (TSXV:ARC) announced a non-brokered private placement of 20,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 1,000,000 on January 23, 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 0.10 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. The company may pay finder's fees in connection with the transaction.

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.