Ariana Resources plc : Holding(s) in Company

 

6 January 2015

AIM: AAU

HOLDINGS IN COMPANY

1.Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		ARIANA RESOURCES PLC
2.Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			x
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3.Full name of person(s) subject to the notification obligation:	LANSTEAD CAPITAL LP
4.Full name of shareholder(s) (if different from 3.):
5.Date of the transaction and date on which the threshold is crossed or   reached:	30 DECEMBER 2014
6.Date on which issuer notified:	31 DECEMBER 2014
7.Threshold(s) that is/are crossed or reached:	16, 17, 18, 19, 20, 21, 22, 23, 24

	8.Notified details:
A: Voting rights attached to shares
Class/type of shares   if possible using the ISIN CODE		Situation previous to the triggering transaction		Resulting situation after the triggering transaction
		Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
				Direct	Direct	Indirect	Direct	Indirect
GB00B085SD50		160,222,222	160,222,222	97,547,131	97,547,131		15.10

B:Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
N/A

C:Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
N/A					Nominal	Delta

Total (A+B+C)
Number of voting rights	% of voting rights
97,547,131	15.10
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A

Proxy Voting:
10. Name of the proxy holder:
11.  Number of voting rights proxy holder will cease to hold:
12.  Date on which proxy holder will cease to hold voting rights:

Contacts:

Ariana Resources plc	Tel: [phone]
Michael de Villiers, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited	Tel: [phone]
Roland Cornish / Felicity Geidt
Beaufort Securities Limited	Tel: [phone]
Saif Janjua
Loeb Aron & Company Ltd.	Tel: [phone]
John Beresford-Peirse / Dr. Frank Lucas
St Brides Media & Finance Ltd	Tel: [phone]
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

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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#1884601