REG - Asiamet Resources Ld - Share Purchase by CEO

Asiamet ResourcesAnnouncement

20/12/2023 14:30

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RNS Number : 5082X  Asiamet Resources Limited  20 December 2023

20 December 2023

Share Purchase by CEO

 

Asiamet Resources Limited ("Asiamet" or the "Company") was today notified that
on 19 December 2023 Darryn McClelland, Chief Executive Officer, purchased
2,000,000 common shares of par value US$0.01 each ("Common Shares") at 0.80p
per share in the Company. Darryn McClelland now holds an interest of
23,275,484 Common Shares, equivalent to 0.90% of the issued share capital of
the Company.

 

Darryn McClelland, Chief Executive Officer, commented:

"Having recently received additional funding from our major shareholder (in
which I also participated), I see a strong future for Asiamet and feel
confident in increasing my already significant investment in the Company. We
remain focused on progressing the development of the BKM Copper cathode
project, the newest incremental copper production to come to market in this
region, whilst exploring the opportunities for increased exploitation of the
BKM copper resource and high grade polymetallic resources on the KSK Contract
of Work."

 

The following notification has been made in accordance with the requirements
of the EU Market Abuse Regulation as part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018, as amended.

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

 

 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)
                                                                                                         0.80p/share  2,000,000
 d.                          Aggregated information

                             ·      Aggregated volume                                                    n/a single transaction

                             ·      Price
 e.                          Date of the transaction                                                     19 December 2023
 f.                          Place of the transaction                                                    London Stock Exchange

d.

Aggregated information

·      Aggregated volume

·      Price

 

n/a single transaction

e.

Date of the transaction

19 December 2023

f.

Place of the transaction

London Stock Exchange

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

Darryn McClelland, Chief Executive Officer

 

-Ends-

 

For further information, please contact:

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@ (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)

Nominated & Financial Adviser
Strand Hanson Limited

James Spinney / James Dance / Rob Patrick

Email: asiamet@strandhanson.co.uk (mailto:asiamet@strandhanson.co.uk)

 

Broker

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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