Ariana Resources PLC Ariana Resources Plc : Director/Pdmr Shareholding
November 05 2014 - 10:24AM
UK Regulatory
TIDMAAU
5 November 2014
AIM: AAU
DIRECTORS' DEALINGS
HOLDING IN COMPANY
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration
and development company focused on Turkey, announces that it was
informed today that Michael de Villiers, Chairman, has today purchased
300,000 ordinary shares in Ariana at 0.85 pence per ordinary share.
Further to this purchase, Mr de Villiers holds 13,800,000 ordinary
shares in the Company, representing a percentage holding of 2.13% of the
total issued share capital.
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
Beaufort Securities Limited Tel: +44 (0) 20 7382 8300
Saif Janjua
Loeb Aron & Company Ltd. Tel: +44 (0) 20 7628 1128
John Beresford-Peirse / Dr. Frank Lucas
St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Susie Geliher / Lottie Brocklehurst
About Ariana Resources:
Ariana is an Anglo-Turkish exploration and mine development company
focused on advancing epithermal gold-silver and porphyry copper-gold
deposits in Turkey. The Company is developing a portfolio of
prospective licences selected on the basis of its in-house geological
and remote-sensing database, on its own in western Turkey and in Joint
Venture with Eldorado Gold Corporation in north-eastern Turkey.
Eldorado owns 51% of this joint venture and are fully funding all
exploration work on the JV properties, while Ariana owns 49%. The total
resource inventory within this JV is 1.09 million ounces of gold.
The Company's flagship assets are its Kiziltepe and Tavsan gold projects
that 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, are
presently being assessed as to their economic merits and now form part
of a Joint Venture with Proccea Construction Co. The total resource
inventory at the Red Rabbit Project stands at 475,000 ounces of gold
equivalent.
Beaufort Securities Limited and Loeb Aron & Company Ltd. 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 Company has recently updated
its AIM Rule 26 section, including an update to its major shareholders
list.
Ends
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#1868993
http://www.arianaresources.com/s/Home.asp
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