Ariana Resources PLC Director/PDMR Shareholding (3813M)
January 21 2021 - 2:00AM
UK Regulatory
TIDMAAU
RNS Number : 3813M
Ariana Resources PLC
21 January 2021
21 January 2021
AIM: AAU
Director/PDMR Shareholdings
Ariana Resources plc ("Ariana" or "the Company"), the
exploration and development company operating in Europe, announces
that it has been informed of the following transactions:
- on 19 and 20 January 2021, Michael de Villiers, Chairman,
disposed of a total of 1,000,000 ordinary shares in the Company
("Ordinary Shares") at 4.90p per share;
- on the same dates, Mr de Villiers purchased a total of 297,000
Ordinary Shares in his SIPP at 4.95p per share;
- and on 19 January 2021, Mrs de Villiers, wife of Mr de
Villiers, purchased a total of 900,000 Ordinary Shares in her SIPP
at 5.07p per share.
Accordingly the holding of Mr de Villiers now stands at
56,000,000 Ordinary Shares in the Company, representing a holding
of 5.21%.
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)
4.90 pence 1,000,000
-----------
Price(s) - purchase Volumes(s)
-----------
4.95 pence 297,000
-----------
5.07 pence 900,000
-----------
-------------------------- -------------------------------------
d) Aggregated information n/a
-------------------------- -------------------------------------
e) Date of the transaction 19 and 20 January 2021
-------------------------- -------------------------------------
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
Editors' Note
About Ariana Resources (details as current and before completion
of the JV):
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
depleted total of c. 2.1 million ounces of gold and other metals
(as at July 2020).
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 depleted resource inventory at the Project
and its wider area is c. 500,000 ounces of gold equivalent (as at
April 2020). 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. 1.5 million ounces
of gold. 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 4
million ounce 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") and has to date earned into an entitlement to 12%.
Venus is focused on the exploration and development of copper-gold
assets in Cyprus.
Panmure Gordon (UK) Limited is broker to the Company and
Beaumont Cornish Limited is the Company's Nominated Adviser and
Broker.
For further information on Ariana you are invited to visit the
Company's website at www.arianaresources.com .
Ends.
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