AfriTin Mining Ltd Director Dealing (4604C)

TIDMATM

RNS Number : 4604C

AfriTin Mining Ltd

22 January 2018

AfriTin Mining Limited

("AfriTin" or the "Company")

Director Dealing

AfriTin Mining Limited (AIM:ATM), a mining company with a portfolio of near production tin assets in Namibia and South Africa, confirms that it has received notice that on 19 January 2018 Anthony Viljoen, a director of the Company, purchased 200,000 Ordinary Shares at a price of 2.45p per Ordinary Share. This brings Anthony's total holding in the Company to 2,923,942 Ordinary Shares representing 0.98% of the issued share capital of the Company and 0.98% of the total voting rights of the Company

Following the purchase of shares, the total holdings of each Director of the Company will be as follows:

 
 Director           Number of Shares   per. cent 
-----------------  -----------------  ---------- 
 Glen Parsons       1,025,641          0.34 
-----------------  -----------------  ---------- 
 Anthony Viljoen    2,923,942*         0.98 
-----------------  -----------------  ---------- 
 Roger Williams     641,025            0.22 
-----------------  -----------------  ---------- 
 Laurence Robb      320,512            0.11 
-----------------  -----------------  ---------- 
 

*This includes 516,652 Ordinary Shares pursuant to the Demerger Arrangement with Bushveld Minerals Ltd.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging managerial responsibilities/person closely associated 
----  ------------------------------------------------------------------------------------------------ 
 a)    Name                                                               Anthony Viljoen 
----  -----------------------------------------------------------------  ----------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------------------------ 
 a)    Position/status                                                    Director, CEO 
----  -----------------------------------------------------------------  ----------------------------- 
 b)    Initial notification/ Amendment                                    Initial notification 
----  -----------------------------------------------------------------  ----------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------------------------------------ 
 a)    Name                                                               AfriTin Mining plc 
----  -----------------------------------------------------------------  ----------------------------- 
 b)    LEI 
                                                                            *    213800FKOXWBL6JBVH90 
----  -----------------------------------------------------------------  ----------------------------- 
 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        Ordinary share 
 
        Identification code 
                                                                           GG00BD95V148 
----  -----------------------------------------------------------------  ----------------------------- 
 b)    Nature of the transaction                                          Acquisition of shares 
----  -----------------------------------------------------------------  ----------------------------- 
 c)    Price(s) and volume(s)                                              Price(s)   Volume(s) 
                                                                           ---------  ---------- 
                                                                            2.45p      200,000 
                                                                           ---------  ---------- 
----  -----------------------------------------------------------------  ----------------------------- 
 d)     Aggregated information 
     *    Aggregated volume                                                200,000 
                                                                            2.45p 
 
     *    Price 
 ----------------------------------------------------------------------  ----------------------------- 
 e)    Date of the transaction                                            19 January 2018 
----  -----------------------------------------------------------------  ----------------------------- 
 f)    Place of the transaction                                           XLON, AIM 
----  -----------------------------------------------------------------  ----------------------------- 
 

Enquiries: [e-mail]

 
AfriTin Limited 
Anthony Viljoen (CEO)          [phone] 
 
Nominated Adviser and Broker 
WH Ireland Limited 
 Katy Mitchell 
 Adrian Hadden                   [phone] 
 James Sinclair-Ford 
 
 Joint Broker 
 Beaufort Securities Limited 
 Jon Belliss                     [phone] 
 
  Financial Public Relations 
Tavistock 
Jos Simson / Barney Hayward    [phone] 
 

Notes to editors

AfriTin Mining's vision is to create a portfolio of world-class, conflict-free, tin producing assets and be the first pure tin company listed in London. The company's flagship asset is the Uis brownfield tin mine in Namibia, formerly the world's largest hard-rock tin mine. AfriTin is managed by a highly experienced board of directors and management team with a current two-fold strategy: fast track Uis brownfield tin mine in Namibia to commercial production in 2018 ramping up to 5,000 tonnes of concentrate, and consolidation of other quality African tin assets. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory and achieving production in the near term and further scaling production by consolidating tin assets in Africa.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 22, 2018 02:00 ET (07:00 GMT)