Ariana Resources PLC Director/PDMR Shareholding (2532D)
October 27 2020 - 3:00AM
UK Regulatory
TIDMAAU
RNS Number : 2532D
Ariana Resources PLC
27 October 2020
27 October 2020
AIM: AAU
Director/PDMR Shareholdings
Ariana Resources plc ("Ariana" or "the Company"), the
exploration and development company operating in Turkey, announces
that it has been informed of the following transactions:
- on 23 October 2020, Michael de Villiers, Chairman, disposed of
500,858 ordinary shares in the Company ("Ordinary Shares") at 5.61p
per share;
- on the same date, Mr de Villiers purchased 425,000 Ordinary
Shares in his SIPP at 5.86p per share;
- and on the same date, Mrs de Villiers, wife of Mr de Villiers,
purchased 75,000 Ordinary Shares in her SIPP at 5.86p per
share.
Accordingly the holding of Mr de Villiers now stands at
55,799,142 Ordinary Shares in the Company, representing a holding
of 5.25%.
The following information relating to the transaction has been
filed with the FCA in accordance with Article 19(1) of the Market
Abuse Regulation,
Michael de Villiers
1 Details of t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Michael de Villiers
-------------------------- -------------------------------------
2 Reason for notification
-----------------------------------------------------------------
a) Position / status Chairman
-------------------------- -------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- -------------------------------------
3 Details of t he issu er, emission allow a n ce m a r
k et participan t, au ct ion plat for m, au ction eer
or auc tion monitor
-----------------------------------------------------------------
a) Name Ariana Resources plc
-------------------------- -------------------------------------
b) LEI 213800LVVY7GZY21LH22
-------------------------- -------------------------------------
4 Details of t he t ransact ion (s): section to be re
p eated for ( i) e a ch type of instr u m e n t; (ii)
each type of transac tion; (iii) each date; and ( iv)
each place w h ere transactions have b een condu cted
-----------------------------------------------------------------
a) Description of the Ordinary shares of 0.1 pence each
financial instrument, in Ariana Resources plc
t ype of instrument
I d e ntification ISIN GB00B085SD50
code
-------------------------- -------------------------------------
Nature of the transaction Sale and purchase of ordinary shares
-------------------------- -------------------------------------
c) Price(s) and volumes(s)
Price(s) - sale Volumes(s)
5.61 pence 500,858
-----------
Price(s) - purchase Volumes(s)
-----------
5.86 pence 425,000
-----------
5.86 pence 75,000
-----------
-------------------------- -------------------------------------
d) Aggregated information n/a
-------------------------- -------------------------------------
e) Date of the transaction 23 October 2020
-------------------------- -------------------------------------
f) Place of the transaction LSE, AIM (XLON)
-------------------------- -------------------------------------
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Contacts:
Ariana Resources plc Tel: +44 (0) 20 7407
3616
Michael de Villiers, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: +44 (0) 20 7628
3396
Roland Cornish / Felicity Geidt
Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886
2500
Atholl Tweedie / James Stearns
Yellow Jersey PR Limited Tel: +44 (0) 20 3004
9512
Dom Barretto / Joe Burgess / Henry arianaresources@yellowjerseypr.com
Wilkinson
Editors' Note
About Ariana Resources:
Ariana is an AIM-listed mineral exploration and development
company operating in Europe. It has interests in gold production in
Turkey and copper-gold assets in Cyprus. The Company is developing
a portfolio of prospective licences in Turkey, which contain a
total of 1.6 million ounces of gold and other metals (as at
end-2017).
The Red Rabbit Project is comprised of the Company's flagship
assets, the Kiziltepe and Tavsan gold projects, and is part of a
50:50 Joint Venture with Proccea Construction Co. Both assets are
located in western Turkey, which hosts some of the largest
operating gold mines in the country and remains highly prospective
for new porphyry and epithermal deposits. The Kiziltepe Sector of
the Red Rabbit Project is fully permitted and is currently in
production. The total resource inventory at the Project and its
wider area is c. 605,000 ounces of gold equivalent (as at
end-2017). At Kiziltepe a Net Smelter Return ("NSR") royalty of up
to 2.5% on production is payable to Franco-Nevada Corporation. At
Tavsan an NSR royalty of up to 2% on future production is payable
to Sandstorm Gold.
The 100% owned Salinbas Gold Project is located in north-eastern
Turkey and has a total resource inventory of c. 1 million ounces of
gold equivalent. The project comprises three notable licence areas:
Salinbas, Ardala and Hizarliyayla, all of which are located within
a multi-million ounce Artvin Goldfield. The "Hot Gold Corridor"
contains several significant gold-copper projects including the
4Moz Hot Maden project, which lies 16km to the south of Salinbas
and 7km south of Hizarliyayla. A NSR royalty of up to 2% on future
production is payable to Eldorado Gold Corporation on the Salinbas
Gold Project.
Ariana is also earning-in to 50% of UK-registered Venus Minerals
Ltd ("Venus"). Venus is focused on the exploration and development
of copper-gold assets in Cyprus.
Panmure Gordon (UK) Limited are broker to the Company and
Beaumont Cornish Limited is the Company's Nominated Adviser.
For further information on Ariana you are invited to visit the
Company's website at www.arianaresources.com .
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END
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