TORONTO, Jan. 31 /CNW/ - ARIUS Research Inc. (TSX-V: ARI) announced today that it intends to complete a private placement financing of units for gross proceeds of up to US$20 million. The private placement is being arranged through a syndicate of agents, co-lead by Dundee Securities Corporation and Loewen, Ondaatje, McCutcheon Limited and including Canaccord Capital Corporation. Pursuant to the terms of the offering, ARIUS will issue units at a price of CDN$0.80 per unit. Each unit will consist of one common share and one common share purchase warrant exercisable at a price of CDN$1.00 for a period of five years following closing. The private placement is expected to include investors from the US, Canada and Europe. The private placement is expected to close in February 2006, subject to finalization of the private placement agreements and applicable regulatory and shareholder approval.