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REG - Anglo Asian Mining - Loan to employee

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RNS Number : 8732Q  Anglo Asian Mining PLC  30 June 2022

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

 

30 June 2022

 

Anglo Asian Mining plc

 

Loan to employee

 

Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold,
copper and silver producer focused in Azerbaijan, announces that it has
entered into a loan agreement with Mr Farhang Hedjazi, Vice President of
Technical Services and a person discharging managerial responsibility of the
Company, pursuant to which the Company has made a loan of US$500,000 to Mr
Hedjazi (the "Loan"). The Loan has been guaranteed by Reza Vaziri, President
and Chief Executive Officer of the Company.

 

Under the terms of the Loan, the interest rate is 4 per cent. per annum and is
repayable within the next 12 months. Mr Hedjazi has also entered into a pledge
agreement with the Company to provide security to Anglo Asian in respect of Mr
Hedjazi's holding of 772,665 shares in the Company at a price of £0.975 per
share, being the closing mid-market price on 29 June 2022.

 

**ENDS**

 

For further information please contact:

 Bill Morgan       Anglo Asian Mining plc          Tel: +994 502 910 400
 Stephen Westhead  Anglo Asian Mining plc          Tel: +994 502 916 894
 Ewan Leggat       SP Angel Corporate Finance LLP  Tel: +44 (0) 20 3470 0470

 Adam Cowl         Nominated Adviser and Broker
 Charlie Jack      Hudson Sandler                  Tel: +44(0) 20 7796 4133

 Harry Griffiths

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY DIRECTORS AND PERSONS
CLOSELY ASSOCIATED WITH THEM.

 1.            Details of the person director
 a)            Name:                                                         Farhang Hedjazi
 2.            Reason for the notification
 a)            Position/status:                                              Vice President of Technical Services
 b)            Initial notification/Amendment:                               Initial notification
 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         Anglo Asian Mining plc
 b)            LEI:                                                          213800F9JM669WH34359
 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 shares of 1 pence each

               Identification code:                                          GB00B0C18177
 b)            Nature of the transaction:                                    Pledge of shares as security of Loan
 c)            Price(s) and volume(s):

Price(s)  Volume(s)
                                                                             £0.975    772,665

 
 d)            Aggregated information:

               Aggregated volume:                                            772,665

               Price:                                                        £0.975
 e)            Date of the transaction:                                      30 June 2022
 f)            Place of the transaction:                                     Outside of a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

 

772,665

£0.975

e)

Date of the transaction:

30 June 2022

f)

Place of the transaction:

Outside of a trading venue

 

Notes to editors:

Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer
in Central Asia with a broad portfolio of production and exploration assets
in Azerbaijan. The Company produced 64,610 gold equivalent ounces ("GEOs")
for the year ended 31 December 2021.

 

In September 2021, the Company announced a transaction with the Government
of Azerbaijan which grants it three additional concessions with a combined
area of 882 square kilometres, including the Garadagh porphyry copper deposit,
with a Soviet classified resource of over 300,000 tonnes of copper. The
transaction is subject to ratification by the parliament of Azerbaijan.

 

In December 2021, the Company undertook a private placement which acquired
19.8 per cent. of Libero Copper & Gold Corporation ("Libero"). The
transaction was completed in January 2022. Libero is listed on the TSX
Venture Exchange in Canada and owns, or has the option to acquire, several
copper exploration properties in North and South America, including Mocoa
in Colombia, one of the world's largest undeveloped copper-molybdenum
resources.

https://www.angloasianmining.com/ (https://www.angloasianmining.com/)

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