Ariana Resources PLC Replacement: Purchase of Own Shares (2941N)
17 January 2019 - 1:13AM
UK Regulatory
TIDMAAU
RNS Number : 2941N
Ariana Resources PLC
16 January 2019
The announcement replaces the announcement "Purchase of Own
Shares" made earlier this morning at 07.00. That announcement
stated incorrectly that the number of ordinary shares in issue
(including treasury shares) at the close of business on 15 January
2019 was 1,051,637,937. The correct number is 1,059,677,943 as set
out below. All other text remains the same.
16 January 2019
AIM: AAU
("Ariana" or "the Company")
Purchase of Own Shares
Pursuant to the general authority given to the Company, Ariana,
the exploration and development company with gold mining operations
in Turkey, announces that, on 4 January 2019, it purchased a total
of 4,500,000 ordinary shares of 0.1 pence in the Company ("Ordinary
Shares") at 1.483 pence per share (the "Purchase"). The Ordinary
Shares will be held in Treasury.
The highest and the lowest price paid was 1.483 pence per
Ordinary Share.
This represents 0.43 percent of the issued share capital of the
Company (excluding treasury shares).
Following the purchase, the total number of ordinary shares held
as treasury shares is 4,500,000.
As at the close of business on 15 January 2019, the Company had
1,059,677,943 ordinary shares (including treasury shares) in
issue.
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
Charles Lesser / James Stearns
Yellow Jersey PR Limited Tel: +44 (0) 7544 275
882
Tim Thompson / Harriet Jackson arianaresources@yellowjerseypr.com
/ Henry Wilkinson
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
POSMMGMMDVMGLZM
(END) Dow Jones Newswires
January 16, 2019 09:13 ET (14:13 GMT)
Ariana Resources (LSE:AAU)
Historical Stock Chart
From Apr 2024 to May 2024
Ariana Resources (LSE:AAU)
Historical Stock Chart
From May 2023 to May 2024