Asiamet Resources Limited Asiamet Resources Limited : Director/Pdmr Shareholding
15 November 2016 - 6:00PM
UK Regulatory
TIDMARS
Notification of Changes in Substantial and Significant Shareholdings
Asiamet Resources Limited ("Asiamet" or "the Company") wishes to advise
that Tigers Realm Minerals Pty Ltd. ("Tigers"), a private investment
Company in which Mr. Tony Manini, the Deputy Chairman, CEO, and a
Director of Asiamet is a shareholder, notified the Company on November
11, 2016 that in line with its corporate strategy, shareholdings in the
listed companies it has invested in and supported during their
pre-development phase, namely Tigers Realm Coal, Nexgen Energy and
Asiamet Resources, will be distributed pro-rata to the underlying
shareholders of Tigers. The majority of Tigers shareholders are existing
shareholders and strong ongoing supporters of Asiamet.
From a total holding of 60,679,486 common shares in the Company, a total
of 59,832,600 of those common shares were distributed to the underlying
shareholders of Tigers (the "Tigers Distribution") on November 10, 2016
and as a result Tigers is no longer a substantial shareholder or
significant shareholder as defined in the AIM Rules for Companies.
As part of the Tigers distribution, Mr. Tony Manini received a total of
6,256,802 Asiamet common shares and becomes a substantial shareholder of
Asiamet. Mr. Manini now holds a total of 21,159,001 (3.40%) of the
common shares in the Company of which 156,902 are held directly,
10,772,117 common shares are held by Antman Holding Pty Ltd and
10,229,982 common shares are held by A.J.M. Investco Pty Ltd.
Also pursuant to the Tigers Distribution substantial shareholders Asipac
Group Pty Ltd. ("Asipac") and Namarong Investments Pty Ltd. increased
their respective shareholdings in the Company. Asipac received 412,130
common shares and now owns 21,428,000 common shares (3.44%) in the
Company while Namarong Investments Pty Ltd. received 2,843,693 common
shares and now owns 23,137,331 common shares (3.71%) in the Company.
Tony Manini, Asiamet's Chief Executive Officer commented:
"The notified changes in substantial shareholding are very much
anticipated and in line with Tigers corporate strategy through which it
was welcomed onto the Asiamet register following the Company's
acquisition of the Beutong copper project. Despite the cyclical downturn
and market challenges experienced by all resource companies over the
past few years, Tigers shareholders both individually and as a group
have continued to invest in Asiamet's high quality projects and team
throughout the cycle. This strong ongoing support coupled with that of
existing and new shareholders has enabled Asiamet to position very
strongly for the next upcycle in the copper market which we firmly
believe is not far away. We are looking forward to creating substantial
value for all shareholders through the delivery of the BKM feasibility
and the development of our projects into highly profitable and
sustainable mining operations"
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Deputy Chairman and CEO
For further information, please contact:
-Ends-
Tony Manini
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com / Mehrdad@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Oliver.Morse@rfcambrian.com
VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements that are based on
the Company's current expectations and estimates. Forward-looking
statements are frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate",
"suggest", "indicate" and other similar words or statements that certain
events or conditions "may" or "will" occur. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in
such forward-looking statements. Such factors include, among others:
the actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans continue to
be refined; possible variations in ore grade or recovery rates;
accidents, labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals or financing; and
fluctuations in metal prices. There may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Any forward-looking statement speaks only as of the date on
which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are
not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty
therein.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Asiamet Resources Limited via Globenewswire
http://www.asiametresources.com
(END) Dow Jones Newswires
November 15, 2016 02:00 ET (07:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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