Asiamet Resources Limited Share Purchase by CEO (0261A)
May 19 2023 - 2:25AM
UK Regulatory
TIDMARS
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: S tandard 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 Common Shares of par value
instrument, type of instrument US$0.01 each
Identification 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
------------------------------------ -----------------------------
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
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@ asiametresources .com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com /
Stephen.Allen@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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END
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May 19, 2023 03:25 ET (07:25 GMT)
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