Ariana Resources PLC Director/PDMR Shareholdings (0424H)

TIDMAAU

RNS Number : 0424H

Ariana Resources PLC

07 March 2018

7 March 2018

AIM: AAU

Director/PDMR Shareholdings

The Company has been informed by Michael de Villiers, Chairman, that yesterday he transferred 1,934,000 Ordinary Shares at 1.3155p per share from his existing holding into his SIPP. Following this transfer, Mr de Villiers' shareholding in the Company continues to be 39,080,000 Ordinary Shares representing 3.69 per cent. of the Company's issued share capital.

Contacts:

 
 Ariana Resources plc             Tel: +44 (0) 20 
                                   7407 3616 
 Michael de Villiers, Chairman 
 Kerim Sener, Managing Director 
 
 Beaumont Cornish Limited         Tel: +44 (0) 20 
                                   7628 3396 
 Roland Cornish / Felicity 
  Geidt 
 
 Panmure Gordon (UK) Limited      Tel: +44 (0) 20 
                                   7886 2500 
 Adam James / Tom Salvesen 
 
 Yellow Jersey PR Limited         Tel: [phone] 
                                   275 882 
 Tim Thompson / 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            Ordinary shares of 0.1 pence 
       the financial             each in Ariana Resources 
       instrument, type          plc 
       of instrument 
 
       Identification            ISIN GB00B085SD50 
       code 
---  ------------------------  ------------------------------ 
      Nature of the             Transfer of ordinary shares 
       transaction               off market 
---  ------------------------  ------------------------------ 
 c)   Price(s) and                Price(s)        Volumes(s) 
       volumes(s)                 --------------  ----------- 
                                   1.3155 pence    1,934,000 
                                  --------------  ----------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information    n/a 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   6 March 2018 
---  ------------------------  ------------------------------ 
 f)   Place of the              Off market 
       transaction 
---  ------------------------  ------------------------------ 
 

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 company news service from the London Stock Exchange

END

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March 07, 2018 12:42 ET (17:42 GMT)