REG - Asiamet Res Ltd - Share Purchase by CEO

Asiamet ResourcesAnnouncement

09/12/2022 12:45

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RNS Number : 2554J  Asiamet Resources Limited  09 December 2022

9 December 2022

Share Purchase by CEO

 

Asiamet Resources Limited ("Asiamet" or the "Company") was notified on 9
December 2022 that Darryn McClelland, Chief Executive Officer purchased
1,500,000 common shares of par value US$0.01 each ("Common Shares") at 1.23p
per share in the Company. Darryn McClelland now has an interest in 5,000,000
shares in Asiamet equivalent to 0.23% of the issued share capital of the
Company.

 

Darryn McClelland, Chief Executive Officer commented:

"Having recently spent time in London attending the Mines and Money conference
and engaging directly with several of our long-term shareholders, I am very
positive about the future of Asiamet and the platform we are developing to
supply energy transition metals to the Asian market.

 

"The BKM copper project is one of the very few advanced, near-term
construction copper projects in the region and our focus remains on finalising
all workstreams to the necessary level of detail needed to deliver a robust
feasibility study outcome. The BKM Copper project coupled with BKZ
polymetallic resources, and large Beutong copper resource provides excellent
optionality to grow the company into the future. With a supportive major
shareholder who shares the vision of the need for responsible supply of energy
transition metals to key markets in Asia, the future is bright for Asiamet."
 

 

The details of the purchase are disclosed below. The information communicated
in this announcement is inside information for the purposes of Article 7 of
Regulation 596/2014.

Notification of Transactions of Persons Discharging Managerial Responsibility
and Persons Closely Associated with them.

 

TR-1: Standard form for notification of major holdings

 

 1.                          Details of the person discharging managerial responsibilities / person closely
                             associated
 a.                          Name                                                                        Darryn McClelland
 2.                          Reason for the notification
 a.                          Position/status                                                             Chief Executive Officer
 b.                          Initial notification/Amendment                                              Initial Notification
 3.                          Details of the issuer, emission allowance market participant, auction
                             platform, auctioneer or auction monitor
 a.                          Name                                                                        Asiamet Resources Limited
 b.                          LEI                                                                          213800PWJMT1NG28TA88
 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 Identification  Common Shares of par value US$0.01 each
                             code

                                                                                                         BM04521V1038
 b.                          Nature of the transaction                                                   Purchase of ordinary shares
 c.                          Price(s) and volume(s)                                                      Price(s)     Volume(s)
                                                                                                         1.23p/share  1,500,000
 d.                          Aggregated information

                             ·      Aggregated volume                                                    n/a single transaction

                             ·      Price
 e.                          Date of the transaction                                                     8 December 2022
 f.                          Place of the transaction                                                    London Stock Exchange

d.

Aggregated information

·      Aggregated volume

·      Price

 

n/a single transaction

e.

Date of the transaction

8 December 2022

f.

Place of the transaction

London Stock Exchange

 

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

Darryn McClelland, Chief Executive Officer

For further information, please contact:

-Ends-

Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited

Email: darryn.mcclelland@asiametresources.com
(mailto:darryn.mcclelland@asiametresources.com)

 

Tony Manini
Executive Chairman, Asiamet Resources Limited

Email: tony.manini@asiametresources.com
(mailto:tony.manini@asiametresources.com)

 

Investor Enquiries

Sasha Sethi

Telephone: +44 (0) 7891 677 441

Email: Sasha@flowcomms.com (mailto:Sasha@flowcomms.com) /
info@asiametresources.com

Asiamet Resources Nominated Adviser
RFC Ambrian Limited

Bhavesh Patel / Stephen Allen

Telephone: +44 (0)20 3440 6800

Email: Bhavesh.Patel@rfcambrian.com (mailto:Bhavesh.Patel@rfcambrian.com)  /
Stephen.Allen@rfcambrian.com (mailto:Oliver.Morse@rfcambrian.com)

 

Optiva Securities Limited
Christian Dennis

Telephone: +44 20 3137 1903

Email: Christian.Dennis@optivasecurities.com
(mailto:Christian.Dennis@optivasecurities.com)

 

Follow us on twitter @AsiametTweets

 

FORWARD-LOOKING STATEMENT

This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterised 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.

 

 

 

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