Ariana Resources issue second tranche of Xinhai CDIs

Ariana Resources PLC (AIM:AAU, ASX:AA2, FRA:4A6) announced it has issued the second tranche of CDIs under its strategic investment agreement with Hongkong Xinhai Mining Services Ltd, advancing the funding arrangement first announced in December.

The mineral exploration and development company issued the Tranche 2 CDIs at A$0.30 per CDI, including 3.33 million CDIs to Xinhai, representing 33.33 million new ordinary shares. 

A further 133,333 CDIs, representing 1.33 million new ordinary shares, were issued to Hongmen Capital Holdings Pty Ltd.