Director/PDMR Shareholding

RNS Number : 8173D
Ariana Resources PLC
21 February 2020
 

 

 

 

 

 

21 February 2020

AIM: AAU

 

Director/PDMR Shareholdings

 

 

 

Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company operating in Turkey, announces that it

 

 

 

Accordingly, the holding of Mr de Villiers remains at 54,845,000 Ordinary Shares in the Company, representing a holding of 5.17%.

 

 

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,

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)

I nitial notification

/Amendment

Initial

3

Detailsoftheissuer, emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor

a)

Name

Ariana Resources plc

 

b)

LEI

213800LVVY7GZY21LH22

4

Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactions havebeenconducted

a)

Description  of  the financial instrument, type ofinstrument

 

I d e ntification code

Ordinary shares of 0.1 pence each in Ariana Resources plc

 

 

ISIN GB00B085SD50

 

 

Nature of the transaction

Purchase and sales of ordinary shares

c)

Price(s) and volumes(s)

 

 

Price(s) - purchase

Volumes(s)

3.533 pence

333,333

Price(s) - sle

Volumes(s)

3.435 pence

33,333

Price(s)

Volumes(s)

3.345 pence

300,000 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

21 February 2020

f)

Place of the transaction

LSE, AIM (XLON) and XOFF

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 Wilkinson

arianaresources@yellowjerseypr.com

 

 

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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