Ariana Resources PLC Director/PDMR Shareholdings (9154H)
March 16 2018 - 3:00AM
UK Regulatory
TIDMAAU
RNS Number : 9154H
Ariana Resources PLC
16 March 2018
16 March 2018
AIM: AAU
Director/PDMR Shareholdings
The Company has been informed that today Mrs Diana de Villiers,
the wife of Michael de Villiers, Chairman has today purchased
2,000,000 Ordinary Shares at an average price of 1.33p per share.
Following this purchase, Mr de Villiers' total shareholding in the
Company will be held to be 42,000,000 Ordinary Shares representing
4 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) 7544
275 882
Tim Thompson / Harriet Jackson arianaresources@yellowjerseypr.com
/
Henry Wilkinson
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 Ordinary shares of 0.1 pence
the financial each in Ariana Resources
instrument, type plc
of instrument
Identification ISIN GB00B085SD50
code
--- ------------------------ -----------------------------
Nature of the Purchase of ordinary shares
transaction by spouse
--- ------------------------ -----------------------------
c) Price(s) and Price(s) Volumes(s)
volumes(s) ------------ -----------
1.33 pence 2,000,000
------------ -----------
--- ------------------------ -----------------------------
d) Aggregated information n/a
--- ------------------------ -----------------------------
e) Date of the transaction 15 March 2018
--- ------------------------ -----------------------------
f) Place of the LSE, AIM (XLON)
transaction
--- ------------------------ -----------------------------
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 with mining
operations focused on epithermal gold-silver and porphyry
copper-gold deposits in Turkey, the largest gold producing country
in Europe. The Company is developing a portfolio of prospective
licences originally selected on the basis of its in-house
geological and remote-sensing database, which now contain a total
of 1.6 million ounces of gold and other metals. Ariana's objective
is to cost-effectively add value to its projects through focused
exploration and to develop its operations, primarily through
well-financed joint ventures.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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