TIDMARS

RNS Number : 5082X

Asiamet Resources Limited

20 December 2023

20 December 2023

Share Purchase by CEO

Asiamet Resources Limited ("Asiamet" or the "Company") was today notified that on 19 December 2023 Darryn McClelland, Chief Executive Officer, purchased 2,000,000 common shares of par value US$0.01 each ("Common Shares") at 0.80p per share in the Company. Darryn McClelland now holds an interest of 23,275,484 Common Shares, equivalent to 0.90% of the issued share capital of the Company.

Darryn McClelland, Chief Executive Officer, commented:

"Having recently received additional funding from our major shareholder (in which I also participated), I see a strong future for Asiamet and feel confident in increasing my already significant investment in the Company. We remain focused on progressing the development of the BKM Copper cathode project, the newest incremental copper production to come to market in this region, whilst exploring the opportunities for increased exploitation of the BKM copper resource and high grade polymetallic resources on the KSK Contract of Work."

The following notification has been made in accordance with the requirements of the EU Market Abuse Regulation as part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                                  Darryn McClelland 
     ------------------------------------  ----------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a.   Position/status                       Chief Executive Officer 
     ------------------------------------  ----------------------------- 
 b.   Initial notification/Amendment        Initial Notification 
     ------------------------------------  ----------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a.   Name                                  Asiamet Resources Limited 
     ------------------------------------  ----------------------------- 
 b.   LEI                                    213800PWJMT1NG28TA88 
     ------------------------------------  ----------------------------- 
 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          Common Shares of par value 
       instrument, type of instrument        US$0.01 each 
       Identification code                   BM04521V1038 
     ------------------------------------  ----------------------------- 
 b.   Nature of the transaction             Purchase of ordinary shares 
     ------------------------------------  ----------------------------- 
 c.   Price(s) and volume(s)                 Price(s)       Volume(s) 
                                              0.80p/share    2,000,000 
                                                            ---------- 
     ------------------------------------  ----------------------------- 
 d.            Aggregated information 
                 *    Aggregated volume       n/a single transaction 
 
 
                 *    Price 
     ------------------------------------  ----------------------------- 
 e.   Date of the transaction               19 December 2023 
     ------------------------------------  ----------------------------- 
 f.   Place of the transaction              London Stock Exchange 
     ------------------------------------  -----------------------------

ON BEHALF OF THE BOARD OF DIRECTORS

Darryn McClelland, Chief Executive Officer

-Ends-

For further information, please contact:

Darryn McClelland

Chief Executive Officer, Asiamet Resources Limited

Email: darryn.mcclelland@asiametresources.com

Tony Manini

Executive Chairman, Asiamet Resources Limited

Email: tony.manini@ asiametresources .com

FlowComms Limited

Sasha Sethi

Telephone: +44 (0) 7891 677 441

Email: Sasha@flowcomms.com

Nominated & Financial Adviser

Strand Hanson Limited

James Spinney / James Dance / Rob Patrick

   Email:   asiamet@strandhanson.co.uk

Broker

Optiva Securities Limited

Christian Dennis

Telephone: +44 20 3137 1903

Email: Christian.Dennis@optivasecurities.com

Follow us on twitter @AsiametTweets

FORWARD-LOOKING STATEMENT

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised 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.

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END

DSHNKKBDQBDDABB

(END) Dow Jones Newswires

December 20, 2023 09:30 ET (14:30 GMT)

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