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Monday, 7 August 2017

Ariana Resources plc : Director/PDMR Shareholding

Ariana Resources plc    

Published: 08:00 CEST 07-08-2017 /GlobeNewswire /Source: Ariana Resources plc / : AAU /ISIN: GB00B085SD50

Ariana Resources plc : Director/PDMR Shareholding

("Ariana" or "the Company")

7 August 2017

AIM: AAU

 

Director/PDMR Shareholdings

 

Ariana has been informed of a Directors' purchase in ordinary shares in the Company ("Ordinary Shares") as follows:

 

 

 

Name

Date of purchase

Price per share

Total number of shares purchased

Resultant holding

Percentage holding of issued share capital

Michael De Villiers, Chairman

 4 August 2017

1.29 p

1,326,923

34,000,000

3.23

 

 

 

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

www.beaumontcornish.com

 

 

Beaufort Securities Limited

Tel: +44 (0) 20 7382 8300

Jon Belliss

 

 

 

Panmure Gordon (UK) Limited

Tel: +44 (0) 20 7886 2500

Adam James / Tom Salvesen

 

 

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

/Amendment

Initial

3

Details of the issueremission 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 financial instrument, type of instrument

 

Identification code

Ordinary shares of 0.1 pence each in Ariana Resources plc

 

 

ISIN GB00B085SD50

 

 

Nature of the transaction

Purchase of new ordinary shares as described above

 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

1.29 pence

1,326,923

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

4 August 2017

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

 

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. 525,000 ounces of gold equivalent. At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on future 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.

 

Beaufort Securities Limited and Panmure Gordon (UK) Limited are joint brokers 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.

 

Ends

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Ariana Resources plc, Bridge House, London Bridge, London, SE1 9QR, United Kingdom
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