Ariana Resources PLC Director/PDMR Shareholding (1977H)
09 March 2018 - 6:01PM
UK Regulatory
TIDMAAU
RNS Number : 1977H
Ariana Resources PLC
09 March 2018
9 March 2018
AIM: AAU
Director/PDMR Shareholdings
The Company has been informed that Chris Sangster, Director, has
today transferred 804,000 Ordinary Shares at GBP0.013 (1.3p) per
share from his existing holding into his SIPP. Following this
transfer, Mr Sangster's shareholding in the Company continues to be
2,648,292 Ordinary Shares representing 0.25 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) 7710
718 649
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,
Chris Sangster
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Chris Sangster
--- ------------------------ -------------------------------
2 Reason for notification
--- ---------------------------------------------------------
a) Position / status Non-Executive Director
--- ------------------------ -------------------------------
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 Acquisition of ordinary shares
transaction in the market.
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volumes(s)
volumes(s) ----------- -----------
1.3 pence 804,000
----------- -----------
--- ------------------------ -------------------------------
d) Aggregated information n/a
--- ------------------------ -------------------------------
e) Date of the transaction 8 March 2018
--- ------------------------ -------------------------------
f) Place of the Off market
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 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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