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.