Ariana Resources PLC Director/PDMR Shareholding (7769U)
July 16 2018 - 9:15AM
UK Regulatory
TIDMAAU
RNS Number : 7769U
Ariana Resources PLC
16 July 2018
16 July 2018
AIM: AAU
Director/PDMR Shareholdings
The Company was informed today that Michael de Villiers,
Chairman, purchased on 16 July 2018 500,000 Ordinary Shares at an
average price of 1.43p per share and in addition that Mrs De
Villiers, wife of Mr de Villiers, purchased on 16 July 2018
4,000,000 Ordinary Shares at an average price of 1.4269p per share.
Following these purchases, Mr de Villiers' total shareholding in
the Company will be held to be 52,500,000 Ordinary Shares
representing 5% per cent. of the Company's issued share
capital.
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
Adam James / Tom Salvesen
Yellow Jersey PR Limited Tel: +44 (0) 7768 537
739
Dominic Barretto / Harriet Jackson arianaresources@yellowjerseypr.com
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 the person discharging managerial responsibilities
/ person closely associated
a) Name Michael de Villiers
--------------------------- --------------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status Chairman
--------------------------- --------------------------------------
b) Initial notification Initial
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Ariana Resources plc
--------------------------- --------------------------------------
b) LEI 213800LVVY7GZY21LH22
--------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary shares of 0.1 pence each
financial instrument, in Ariana Resources plc
type of instrument
Identification code ISIN GB00B085SD50
--------------------------- --------------------------------------
Nature of the transaction Purchase of ordinary shares by spouse
--------------------------- --------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
1.43 pence 500,000
-----------
1.4269 pence 4,000,000
-----------
--------------------------- --------------------------------------
d) Aggregated information n/a
--------------------------- --------------------------------------
e) Date of the transaction 16 July 2018
--------------------------- --------------------------------------
f) Place of the transaction LSE, AIM (XLON)
--------------------------- --------------------------------------
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Editors' Note
About Ariana Resources:
Ariana is an exploration and development company focused on
epithermal gold-silver and porphyry copper-gold deposits in Turkey.
The Company is developing a portfolio of prospective licences
originally selected on the basis of its in-house geological and
remote-sensing database.
The Company's flagship assets are its Kiziltepe and Tavsan gold
projects which form the Red Rabbit Gold Project. Both contain a
series of prospects, within two prolific mineralised districts in
the Western Anatolian Volcanic and Extensional (WAVE) Province in
western Turkey. This Province hosts the largest operating gold
mines in Turkey and remains highly prospective for new porphyry and
epithermal deposits. These core projects, which are separated by a
distance of 75km, form part of a 50:50 Joint Venture with Proccea
Construction Co. The Kiziltepe Sector of the Red Rabbit Project is
fully-permitted and is currently in production. The total resource
inventory at the Red Rabbit Project and wider project area stands
at c. 605,000 ounces of gold equivalent. 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.
In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold
Project, comprising the Salinbas gold-silver deposit and the Ardala
copper-gold-molybdenum porphyry among other prospects. The total
resource inventory of the Salinbas project area is c. 1 million
ounces of gold equivalent. A NSR royalty of up to 2% on future
production is payable to Eldorado Gold Corporation.
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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