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AIM: AAU
ASX: AA2
CORPORATE UPDATE
Ariana Commences Trading on Australian Securities Exchange (ASX)
Highlights:
· The Company raised
· CDIs were admitted to the Official List of the ASX on
· Trading on the ASX will have no direct impact on the trading of the Company's shares on AIM, which will continue under the ticker "AAU".
· The Board believes that the ASX dual-listing, achieved during a time of growing global demand for gold, will be beneficial to the Company as it:
o enables the Company to raise the profile of the
o extends Ariana's shareholder base, enabling wider trading and providing greater liquidity for Ariana shares;
o provides existing Australian investors with the opportunity to reposition securities held in the
o enables close communication with Australian investors through its Australian operational base.
Dr.
"We are delighted to announce that trading of our CDIs has commenced today on the ASX. In doing so, we welcome the support of the Company's new investors, who join us just as Ariana is making great strides, both operationally and commercially.
"We recently announced the updated economics for our
"At a time when significant growth in gold demand is forecast over the coming years - driven largely by the forces of rising economic uncertainty, inflation, and geopolitical tensions - central banks and investors are turning to gold as a safe-haven asset, pushing prices higher amid limited new supply. Our strategy is to continue our work to progress the
"We believe that trading on the ASX will extend the Company's shareholder base, enable wider trading and offer greater liquidity for Ariana's shares. Gold companies listed on the ASX have attracted significant investor interest of late. As such, we believe that the listing will help enable the Company to achieve a more attractive valuation in respect of its major development-stage
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
Contacts:
Dr. |
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Tel: +44 (0) 20 3476 2080 |
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(Nominated Adviser) |
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Tel: +44 (0) 20 7628 3396 |
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Tel: +44 (0) 203 829 5000
Tel: +44 (0) 203 411 7773
Tel: +61 (0)2 9238 1268
Tel: +44 (0) 7983 521 488 |
About
Ariana is a mineral exploration, development and production company dual listed on AIM (AIM: AAU) and ASX (ASX: AA2), with an exceptional track record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. Its current interests include a major gold development project in
For further information on the vested interests Ariana has, please visit the Company's website at www.arianaresources.com.
Ends.
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