REG - Ariana Resources PLC - Director/PDMR Shareholding

Ariana ResourcesAnnouncement

06/12/2021 07:00

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RNS Number : 5981U  Ariana Resources PLC  06 December 2021

 

 

 

 

 

6 December 2021

AIM: AAU

 

Director/PDMR Shareholdings

Total Voting Rights

 

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed mineral
exploration and development company with interests in gold mining operations
in Europe, announces that it has been informed of the following transactions:

 

-     on 2 December 2021, Michael de Villiers, Chairman, was issued and
allotted with 3,000,000 new ordinary shares in the Company ("Ordinary Shares")
at the price of 1.55p per share pursuant to an exercise of options under the
Ariana Resources PLC 2018 Share Option Plan.  Application will be made for
the new Ordinary Shares, which will rank pari passu with all existing Ordinary
Shares, to be admitted to trading on AIM ("Admission").  Admission is
expected on or around 10 December 2021; and

 

-     on 3 December 2021, Mr de Villiers disposed of a total of 2,000,000
Ordinary Shares at an average price of 4.14p per share.

 

Accordingly the holding of Mr de Villiers is now 61,000,000 Ordinary Shares in
the Company, representing a percentage holding of 5.57% of the increased share
capital as set out below.

As a result of these transactions, the total number of ordinary 0.1p shares in
issue now stands at 1,094,677,943 and the total number of voting rights in the
Company is therefore 1,094,677,943.

The above figure of 1,094,677,943 may be used by shareholders as the
denominator for the calculation by which they may determine if they are
required to notify their interest in, or change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

The following information relating to the transaction has been filed with the
FCA in accordance with the UK 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 financial instrument, type of instrument    Ordinary shares of 0.1 pence each in Ariana Resources plc

     Identification code

                                                                      ISIN GB00B085SD50

     Nature of the transactions                                       -     exercise of options

                                                                      -     disposal of shares
 c)  Price(s) and volumes(s)

Price(s) - exercise  Volumes(s)
                                                                      1.55 pence           3,000,000
                                                                      Price(s) - disposal  Volumes(s)
                                                                      4.14 pence           2,000,000

 

 d)  Aggregated information                                           n/a
 e)  Date of the transaction                                          2 and 3 December 2021
 f)  Place of the transaction                                         Off market and LSE, AIM (XLON)

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

2 and 3 December 2021

f)

Place of the transaction

Off market and LSE, AIM (XLON)

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation.

 

 

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
 Atholl Tweedie / James Stearns

 Yellow Jersey PR Limited                         Tel: +44 (0) 20 3004 9512
 Dom Barretto / Henry Wilkinson / Matthew McHale  arianaresources@yellowjerseypr.com (mailto:arianaresources@yellowjerseypr.com)

 

 

Editors' Note:

About Ariana Resources:

Ariana is an AIM-listed mineral exploration and development company with an
exceptional track-record of creating value for its shareholders through its
interests in active mining projects and investments in exploration companies.
Its current interests include gold production in Turkey and copper-gold
exploration and development projects in Cyprus and Kosovo.

The Company holds 23.5% interest in Zenit Madencilik San. ve Tic. A.S. a joint
venture with Ozaltin Holding A.S. and Proccea Construction Co. in Turkey which
contains a depleted total of c. 2.1 million ounces of gold and other metals
(as at July 2020). The joint venture comprises the Kiziltepe Mine and the
Tavsan and Salinbas projects.

The Kiziltepe Gold-Silver Mine is located in western Turkey and contains a
depleted JORC Measured, Indicated and Inferred Resource of 227,000 ounces gold
and 3.7 million ounces silver (as at April 2020). The mine has been in
profitable production since 2017 and is expected to produce at a rate of
c.20,000 ounces of gold per annum to at least the mid-2020s. A Net Smelter
Return ("NSR") royalty of 2.5% on production is being paid to Franco-Nevada
Corporation.

The Tavsan Gold Project is located in western Turkey and contains a JORC
Measured, Indicated and Inferred Resource of 253,000 ounces gold and 0.7
million ounces silver (as at June 2020). The project is being progressed
through permitting and an Environmental Impact Assessment, with the intention
of developing the site to become the second joint venture gold mining
operation. A NSR royalty of up to 2% on future production is payable to
Sandstorm Gold.

The Salinbas Gold Project is located in north-eastern Turkey and contains a
JORC Measured, Indicated and Inferred Resource of 1.5 million ounces of gold
(as at July 2020). It is located within the multi-million ounce Artvin
Goldfield, which contains the "Hot Gold Corridor" comprising several
significant gold-copper projects including the 4 million ounce Hot Maden
project, which lies 16km to the south of Salinbas. A NSR royalty of up to 2%
on future production is payable to Eldorado Gold Corporation.

Ariana owns 75% of Western Tethyan Resources Ltd ("WTR"), which operates
across Eastern Europe and is based in Pristina, Republic of Kosovo.  The
company is targeting its exploration on major copper-gold deposits across the
porphyry-epithermal transition.

Ariana owns 50% of UK-registered Venus Minerals Ltd ("Venus") which is focused
on the exploration and development of copper-gold assets in Cyprus which
contain a combined JORC Inferred Resource of 9.5Mt @ 0.65% copper (excluding
additional gold, silver and zinc).

Ariana operates its wholly-owned Asgard Metals Fund ("Asgard"), as part of the
Company's proprietary Project Catalyst Strategy. The Fund will be focused on
investments in high-value potential, discovery-stage mineral exploration
companies located across the Eastern Hemisphere and within easy reach of
Ariana's operational hubs in Australia, Turkey and the UK.

Panmure Gordon (UK) Limited is broker to the Company and Beaumont Cornish
Limited is the Company's Nominated Adviser and Broker.

For further information on Ariana you are invited to visit the Company's
website at www.arianaresources.com (http://www.arianaresources.com) .

Ends.

 

 

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