("Ariana" or "the Company")
7 August 2017
Ariana has been informed of a Directors' purchase in ordinary shares in the Company ("Ordinary Shares") as follows:
|Name||Date of purchase||Price per share||Total number of shares purchased||Resultant holding||Percentage holding of issued share capital|
|Michael De Villiers, Chairman||4 August 2017||1.29 p||1,326,923||34,000,000||3.23|
|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|
|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,
Michael de Villiers
Details of the person discharging managerial responsibilities / person closely associated
Michael de Villiers
Reason for notification
Position / status
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Ariana Resources plc
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
Description of the financial instrument, type of instrument
Ordinary shares of 0.1 pence each in Ariana Resources plc
Nature of the transaction
Purchase of new ordinary shares as described above
Price(s) and volumes(s)
Date of the transaction
4 August 2017
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.
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