Arian Silver shares crash 30%, company says fall not justified

The company siad in press release that it has noted the recent decline in the Company's share price. However, it said that the Board of Directors reaffirm that the fundamentals for silver and the investment opportunity for Arian Silver have not changed in the short-term.

LONDON (Bullion Street): Arian Silver Corporation (TSXV: AGQ) (AIM: AGQ) (FRANKFURT: I3A), a silver exploration, development and production company with a focus on projects in the Zacatecas silver belt of Mexico, has witnessed its share price fall sharply b 30% from $11 as the beginning of the month to $7.62 last Friday.

The company said in ?press release that it has noted the recent decline in the Company's share price. However, it said that the Board of Directors reaffirm that the fundamentals for silver and the investment opportunity for Arian Silver have not changed in the short-term.

Demand for silver as an industrial component is sustained and the Company's 15 March 2013 statement regarding the intended acquisition of a processing plant with a capacity of up to 1,500 tonnes per day of silver-lead-zinc ore is a significant milestone for the Company.

The Company confirms financing talks are continuing in line with expectations and there has been no significant development in this regard to justify any share price movement.

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