('Ariana' or 'the Company') 17 July 2017 AIM: AAU
Director/PDMR Shareholdings
Ariana has been informed of Directors' purchases in ordinary shares in the Company ('Ordinary Shares') as follows:
+-------------+-----------+-----------+------------+-------------+-------------+ |Name |Date of|Price per|Total number|Resultant |Percentage | | |purchase |share |of shares|holding |holding of| | | | |purchased | |issued share| | | | | | |capital | +-------------+-----------+-----------+------------+-------------+-------------+ |Dr Kerim|14 July |1.33p |160,000 |14,352,252 |1.365 | |Sener, |2017 | | | | | |Managing | | | | | | |Director | | | | | | +-------------+-----------+-----------+------------+-------------+-------------+ |Michael De|14 July |1.31p |1,000,000 |32,673,077 |3.106 | |Villers, |2017 | | | | | |Chairman | | | | | | +-------------+-----------+-----------+------------+-------------+-------------+ |Chris |17 July |225,563 |921,215 * |1,844,292 |0.17 | |Sangster, |2017 |shares at| | | | |Director | |1.33p | | | | | | | | | | | | | |695,652 | | | | | | |shares at| | | | | | |1.25p | | | | | | | | | | | | | | | | | | +-------------+-----------+-----------+------------+-------------+-------------+
*of Chris Sangster's total number of shares purchased, 695,652 were transferred to his SIPP from his existing holding. .
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 www.beaumontcornish.com
Beaufort Securities Limited Tel: +44 (0) 20 7382 8300
Jon Belliss
Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886 2500
Adam James / Tom Salvesen
The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,
Kerim Sener
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kerim Sener
2 Reason for notification a) Position / status Managing Director b) Initial notification /Amendment Initial 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
Identification code Ordinary shares of 0.1 pence each in Ariana Resources plc
ISIN GB00B085SD50
Nature of the transaction Acquisition of ordinary shares in the market.
c) Price(s) and volumes(s)
+------------+------------+ | Price(s) | Volumes(s) | +------------+------------+ | 1.33 pence | 160,000 | +------------+------------+
d) Aggregated information n/a e) Date of the transaction 14 July 2017 f) Place of the transaction London Stock Exchange, AIM (XLON)
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 /Amendment Initial 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
Identification code Ordinary shares of 0.1 pence each in Ariana Resources plc
ISIN GB00B085SD50
Nature of the transaction Purchase of new ordinary shares as described above
c) Price(s) and volumes(s)
+-------------+------------+ | Price(s) | Volumes(s) | +-------------+------------+ | 1.31 pence | 1,000,000 | +-------------+------------+
d) Aggregated information n/a e) Date of the transaction 14 July 2017 f) Place of the transaction London Stock Exchange, AIM (XLON)
Chris Sangster
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Chris Sangster
2 Reason for notification a) Position / status Director b) Initial notification /Amendment Initial 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
Identification code Ordinary shares of 0.1 pence each in Ariana Resources plc
ISIN GB00B085SD50
Nature of the transaction Purchase of new ordinary shares as described above
c) Price(s) and volumes(s)
+------------+------------+ | Price(s) | Volumes(s) | +------------+------------+ | 1.33 pence | 225,563 | +------------+------------+ | 1.25 pence | 695,652 | +------------+------------+
d) Aggregated information n/a e) Date of the transaction 17 July 2017 f) Place of the transaction London Stock Exchange, AIM (XLON)
About Ariana Resources:
Ariana is an exploration and development company focused on epithermal gold- silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences originally selected on the basis of its in- house geological and remote-sensing database.
The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 525,000 ounces of gold equivalent. At Kiziltepe a Net Smelter Return ('NSR') royalty of up to 2.5% on future production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.
In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold- molybdenum porphyry among other prospects. The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.
Beaufort Securities Limited and Panmure Gordon (UK) Limited are joint brokers to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser. For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.
Ends
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ariana Resources plc via GlobeNewswire
B085SD5R20
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