Ariana Resources PLC Director/PDMR Shareholding (7769U)

TIDMAAU

RNS Number : 7769U

Ariana Resources PLC

16 July 2018

16 July 2018

AIM: AAU

Director/PDMR Shareholdings

The Company was informed today that Michael de Villiers, Chairman, purchased on 16 July 2018 500,000 Ordinary Shares at an average price of 1.43p per share and in addition that Mrs De Villiers, wife of Mr de Villiers, purchased on 16 July 2018 4,000,000 Ordinary Shares at an average price of 1.4269p per share. Following these purchases, Mr de Villiers' total shareholding in the Company will be held to be 52,500,000 Ordinary Shares representing 5% per cent. of the Company's issued share capital.

Contacts:

 
 Ariana Resources plc                 Tel: [phone] 
                                       3616 
 Michael de Villiers, Chairman 
 Kerim Sener, Managing Director 
 
 Beaumont Cornish Limited             Tel: [phone] 
                                       3396 
 Roland Cornish / Felicity Geidt 
 
 Panmure Gordon (UK) Limited          Tel: [phone] 
                                       2500 
 Adam James / Tom Salvesen 
 
 Yellow Jersey PR Limited             Tel: [phone] 
                                       739 
 Dominic Barretto / Harriet Jackson   [e-mail] 
 

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         Initial 
       /Amendment 
     ---------------------------  -------------------------------------- 
 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           Ordinary shares of 0.1 pence each 
       financial instrument,        in Ariana Resources plc 
       type of instrument 
 
       Identification code          ISIN GB00B085SD50 
     ---------------------------  -------------------------------------- 
      Nature of the transaction    Purchase of ordinary shares by spouse 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volumes(s)        Price(s)        Volumes(s) 
                                      1.43 pence      500,000 
                                                     ----------- 
                                      1.4269 pence    4,000,000 
                                                     ----------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information       n/a 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      16 July 2018 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     LSE, AIM (XLON) 
     ---------------------------  -------------------------------------- 
 

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 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. 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 [e-mail] or visit www.rns.com.

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July 16, 2018 09:15 ET (13:15 GMT)