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RNS Number : 0261A Asiamet Resources Limited 19 May 2023
19 May 2023
Share Purchase by CEO
Asiamet Resources Limited ("Asiamet" or the "Company") was notified on 17 May
2023 that Darryn McClelland, Chief Executive Officer purchased 5,500,000
common shares of par value US$0.01 each ("Common Shares") at 1.00p per share
in the Company. Darryn McClelland now holds an interest of 10,500,000 shares
in Asiamet equivalent to 0.48% of the issued share capital of the Company.
Darryn McClelland, Chief Executive Officer commented:
"Having recently released the updated Feasibility Study for the BKM Copper
project I can see a clear path forward for one of the very few advanced,
near-term construction copper projects in the Asian region. Our focus now
turns to project financing for BKM and with strong fundamentals underpinning
the copper market into the future this process is expected to be well
supported. The syndicated bank process commenced months ago with formal
appointment of a lead bank the next step. The BKM Copper project coupled with
further development of the broader BKM mineral district including the high
value BKZ polymetallic resource, and the large, globally significant Beutong
copper-gold resource provide excellent optionality to grow Asiamet 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)
1.0p/share 5,500,000
d. Aggregated information
· Aggregated volume n/a single transaction
· Price
e. Date of the transaction 16 May 2023
f. Place of the transaction London Stock Exchange
d.
Aggregated information
· Aggregated volume
· Price
n/a single transaction
e.
Date of the transaction
16 May 2023
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
CEO, Asiamet Resources Limited
Email: darryn.mcclelland@asiametresources.com
(mailto:darryn.mcclelland@asiametresources.com)
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@ (mailto:tony.manini@asiametresources.com) asiametresources
(mailto:tony.manini@asiametresources.com) .com
(mailto:tony.manini@asiametresources.com)
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com (mailto:Sasha@flowcomms.com)
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com (mailto:Andrew.Thomson@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
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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