Ariana Resources PLC Ariana Resources Plc : Director/Pdmr Shareholding

 
TIDMAAU 
 
   ("Ariana" or "the Company") 
 
   7 August 2017 
 
   AIM: AAU 
 
   Director/PDMR Shareholdings 
 
   Ariana has been informed of a Directors' purchase in ordinary shares in 
the Company ("Ordinary Shares") as follows: 
 
 
 
 
                                                                    Percentage 
                                             Total                  holding of 
                                           number of                  issued 
              Date of       Price per       shares      Resultant     share 
Name          purchase      share          purchased     holding     capital 
Michael De 
 Villiers,     4 August 
 Chairman       2017        1.29 p          1,326,923   34,000,000        3.23 
 
 
   . 
 
   Contacts: 
 
 
 
 
Ariana Resources plc             Tel: [phone] 
Michael de Villiers, Chairman 
Kerim Sener, Managing Director 
 
Beaumont Cornish Limited         Tel: [phone] 
Roland Cornish / Felicity Geidt  www.beaumontcornish.com 
 
Beaufort Securities Limited      Tel: [phone] 
Jon Belliss 
 
Panmure Gordon (UK) Limited      Tel: [phone] 
Adam James / Tom Salvesen 
 
 
   The following information relating to the transaction has been filed 
with the FCA in accordance with Article 19(1) of the Market Abuse 
Regulation, 
 
   Michael de Villiers 
 
   1 
 
   Details  of  the  person  discharging  managerial  responsibilities  / 
person  closely associated 
 
   a) 
 
   Name 
 
   Michael de Villiers 
 
   2 
 
   Reason for notification 
 
   a) 
 
   Position / status 
 
   Chairman 
 
   b) 
 
   Initial notification 
 
   /Amendment 
 
   Initial 
 
   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  the financial instrument, type of instrument 
 
   Identification code 
 
   Ordinary shares of 0.1 pence each in Ariana Resources plc 
 
   ISIN GB00B085SD50 
 
   Nature of the transaction 
 
   Purchase of new ordinary shares as described above 
 
   c) 
 
   Price(s) and volumes(s) 
 
 
 
 
Price(s)     Volumes(s) 
1.29 pence    1,326,923 
 
   d) 
 
   Aggregated information 
 
   n/a 
 
   e) 
 
   Date of the transaction 
 
   4 August 2017 
 
   f) 
 
   Place of the transaction 
 
   London Stock Exchange, AIM (XLON) 
 
   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. 525,000 ounces of gold 
equivalent. At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 
2.5% on future 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. 
 
   Beaufort Securities Limited and Panmure Gordon (UK) Limited are joint 
brokers 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. 
 
   Ends 
 
   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: Ariana Resources plc via Globenewswire 
 
 
  http://www.arianaresources.com/s/Home.asp 
 

(END) Dow Jones Newswires

August 07, 2017 02:00 ET (06:00 GMT)

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