Arian Silver Corporation: Holding(s) in company

LONDON, ENGLAND -- (Marketwired) -- 06/10/13 -- Arian Silver Corporation (TSX VENTURE: AGQ)(AIM: AGQ)(FRANKFURT: I3A) -

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:(ii)                                      Arian Silver Corporation
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2. Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights                               X
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An acquisition or disposal of qualifying financial instruments which
may result in the acquisition of shares already issued to which voting
rights are attached
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An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please specify):     Issue of new shares                           X
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3. Full name of person(s) subject to the
notification obligation:(iii)                     Sprott Asset Management LP
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4. Full name of shareholder(s) (if
different from 3.):(iv)                                        See section 9
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5. Date of the transaction and date on
which the threshold is crossed or                                31 May 2013
reached:(v)
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6. Date on which issuer notified:                                7 June 2013
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7. Threshold(s) that is/are crossed or
reached:(vi, vii)                                                        15%
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8. Notified details:
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A: Voting rights attached to shares(viii, ix)
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           Situation previous to
Class/type the triggering           Resulting situation after the triggering
of shares  transaction                                           transaction
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if
possible               Number of
using the   Number of     Voting  Number of  Number of voting    % of voting
ISIN CODE      Shares     Rights     shares            rights     rights (x)
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                                             Direct Indirect
                                     Direct    (xi)   (xii)  Direct Indirect
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Common
Shares     48,624,738 48,624,738 46,603,938        46,603,938          14.4%
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B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial                                   Number of voting
instrument                                           rights that may
                                                                  be
                                                     acquired if the
                                         Exercise/     instrument is    % of
                      Expiration         Conversion       exercised/  voting
                      date(xiii)        Period(xiv)       converted.  rights
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C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments (xv, xvi)
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Resulting situation after the triggering transaction
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                                  Exercise/
Type of               Expiration Conversion  Number of voting    % of voting
financial   Exercise  date       period(xvi rights instrument   rights (xix,
instrument    price   (xvii)            ii)         refers to            xx)
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                                                             Nominal   Delta
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Total (A+B+C)
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Number of voting rights                          Percentage of voting rights
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46,603,938                                                             14.4%
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9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable:(xxi)
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Sprott Asset Management LP is the portfolio manager acting on behalf of the
Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund
L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund Ltd., Sprott Master Fund
II, Ltd., and certain Sprott managed accounts.
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Proxy Voting:
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10. Name of the proxy holder:
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11. Number of voting rights proxy holder will cease to hold:
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12. Date on which proxy holder will cease to hold voting
rights:
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13. Additional information:
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14. Contact name:                             David Taylor
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15. Contact telephone number:                 +44 (0)20 7887 6593
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) and no stock exchange, securities commission or other regulatory authority accepts responsibility for the adequacy or accuracy of this release nor approved or disapproved of the information contained herein.

Contacts:

Arian Silver Corporation

David Taylor

+44 (0)20 7887 6593