Ariana Resources PLC (AIM:AAU, ASX:AA2, FRA:4A6), the mineral exploration and development company with projects in Africa and Europe, has settled all outstanding balances under its facility agreement with RiverFort Global Opportunities through the issue of equity.
The London- and Sydney-listed group has discharged a remaining loan balance of US$782,575 by issuing 40.4 million shares, equivalent to approximately 4 million CHESS Depository Instruments on the Australian Securities Exchange.
Application has been made for the new shares to be admitted to trading on the Alternative Investment Market on or around 5 February 2026.
As a result of the transaction, Ariana now holds approximately £5.5 million in cash and carries no debt. The general security held by RiverFort over the company and its subsidiaries will also be removed.
Ariana retains access to the remaining US$3 million of its original US$5 million facility, which may be drawn down over the next three years to support development of the Dokwe gold project in Zimbabwe.
Following admission of the new shares, the company’s total number of ordinary shares and voting rights will stand at 2,656,146,692.
Dr Kerim Sener, managing director, said: “The close-out of the remaining loan balance further reinforces [RiverFort’s] position in Ariana, at a time when the Company is making significant progress, with the precious metals markets showing a positive medium and long-term momentum.”