Asiamet Resources Limited Asiamet Resources Limited : Director/Pdmr Shareholding

 
TIDMARS 
 
 
   Notification of Changes in Substantial and Significant Shareholdings 
 
   Asiamet Resources Limited ("Asiamet" or "the Company") wishes to advise 
that Tigers Realm Minerals Pty Ltd. ("Tigers"), a private investment 
Company in which Mr. Tony Manini, the Deputy Chairman, CEO, and a 
Director of Asiamet is a shareholder, notified the Company on November 
11, 2016 that in line with its corporate strategy, shareholdings in the 
listed companies it has invested in and supported during their 
pre-development phase, namely Tigers Realm Coal, Nexgen Energy and 
Asiamet Resources, will be distributed pro-rata to the underlying 
shareholders of Tigers. The majority of Tigers shareholders are existing 
shareholders and strong ongoing supporters of Asiamet. 
 
   From a total holding of 60,679,486 common shares in the Company, a total 
of 59,832,600 of those common shares were distributed to the underlying 
shareholders of Tigers (the "Tigers Distribution") on November 10, 2016 
and as a result Tigers is no longer a substantial shareholder or 
significant shareholder as defined in the AIM Rules for Companies. 
 
   As part of the Tigers distribution, Mr. Tony Manini received a total of 
6,256,802 Asiamet common shares and becomes a substantial shareholder of 
Asiamet.  Mr. Manini now holds a total of 21,159,001 (3.40%) of the 
common shares in the Company of which 156,902 are held directly, 
10,772,117 common shares are held by Antman Holding Pty Ltd and 
10,229,982 common shares are held by A.J.M. Investco Pty Ltd. 
 
   Also pursuant to the Tigers Distribution substantial shareholders Asipac 
Group Pty Ltd. ("Asipac") and Namarong Investments Pty Ltd. increased 
their respective shareholdings in the Company. Asipac received 412,130 
common shares and now owns 21,428,000 common shares (3.44%) in the 
Company while Namarong Investments Pty Ltd. received 2,843,693 common 
shares and now owns 23,137,331 common shares (3.71%) in the Company. 
 
   Tony Manini, Asiamet's Chief Executive Officer commented: 
 
   "The notified changes in substantial shareholding are very much 
anticipated and in line with Tigers corporate strategy through which it 
was welcomed onto the Asiamet register following the Company's 
acquisition of the Beutong copper project. Despite the cyclical downturn 
and market challenges experienced by all resource companies over the 
past few years, Tigers shareholders both individually and as a group 
have continued to invest in Asiamet's high quality projects and team 
throughout the cycle. This strong ongoing support coupled with that of 
existing and new shareholders has enabled Asiamet to position very 
strongly for the next upcycle in the copper market which we firmly 
believe is not far away. We are looking forward to creating substantial 
value for all shareholders through the delivery of the BKM feasibility 
and the development of our projects into highly profitable and 
sustainable mining operations" 
 
   ON BEHALF OF THE BOARD OF DIRECTORS 
 
   Tony Manini, Deputy Chairman and CEO 
 
   For further information, please contact: 
 
 
 
   -Ends- 
 
   Tony Manini 
 
   Deputy Chairman and CEO, Asiamet Resources Limited 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   FlowComms Limited 
 
   Sasha Sethi 
 
   Telephone: [phone] 
 
   Email: [e-mail] / [e-mail] 
 
 
 
 
 
   Asiamet Resources Nominated Adviser 
 
   RFC Ambrian Limited 
 
   Andrew Thomson / Oliver Morse 
 
   Telephone: [phone] 
 
   Email: [e-mail] / [e-mail] 
 
   VSA Capital Limited 
 
   Andrew Raca / Justin McKeegan 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   Optiva Securities Limited 
 
   Christian Dennis 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 
 
   This news release contains forward-looking statements that are based on 
the Company's current expectations and estimates. Forward-looking 
statements are frequently characterized 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. 
 
   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: Asiamet Resources Limited via Globenewswire 
 
 
  http://www.asiametresources.com 
 

(END) Dow Jones Newswires

November 15, 2016 02:00 ET (07:00 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.