Director/PDMR Shareholding

RNS Number : 3677Q

Premier Gold Resources PLC

14 October 2013

 

Embargoed: 0700hrs, 14 October 2013

Premier Gold Resources plc

("Premier Gold" or the "Company")

Directors' Shareholdings

Premier Gold (AIM: PGR), the Central Asia-focused gold exploration and development company, announces that certain directors of the Company have elected to receive their directors' fees in shares in lieu of cash. Such shares are to be issued at a price of 0.143 pence per share, representing the average mid-market closing price of the Company's shares in the five trading days leading up to, and including, 10 October 2013.

As a result, the Company announces the following changes in directors' shareholdings:

Director	Number of shares issued in lieu of cash	Resulting total shareholding	% of enlarged issued share capital
Christian Schaffalitzky	13,986,014	23,152,681	2.05%
Gerald Desler	3,496,503	8,984,672	0.80%

Application will be made to the London Stock Exchange for the 17,482,517 Ordinary Shares, which will rank pari passu with the existing Ordinary Shares of the Company, to be admitted to trading on AIM and it is expected that admission will become effective on 17 October 2013. Following admission, the total number of Ordinary Shares in issue will be 1,126,435,975.  Shareholders may use this number when calculating their percentage holding in the Company.

Contacts:

Premier Gold Resources plc
Richard Nolan, CEO	020 7953 4028
Sanlam Securities UK Limited (Nominated Adviser and Broker)
Lindsay Mair / Richard Goldsmith / Catherine Miles	020 7628 2200
Vigo Communications
Ben Simons / Chris McMahon	020 7016 9574

About Premier Gold Resources plc

Premier Gold Resources plc (AIM:PGR) is a gold exploration and development company listed on the London Stock Exchange. Premier Gold is focused on gold opportunities in Central Asia, in particular the Kyrgyz Republic, where the Company's current project, Cholokkaindy, is located.

Cholokkaindy is a 32 square kilometre licence area located in the northern Tien Shan, 20 kilometres south of Kara Balta and 80 kilometres southwest of Bishkek. Geological results from Premier Gold's work programme to date support the view that Cholokkaindy is one large mineralising system, displaying several key indicators associated with other large gold deposits in the northern Tien Shan metallogenic belt.

For further information please visit: www.premiergoldresources.com

 

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