Director Dealing

RNS Number : 8621Q

Harvest Minerals Limited

11 June 2018

 

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

11 June 2018

Harvest Minerals Limited

('Harvest' or the 'Company')

Director Dealing

Harvest Minerals Limited, the AIM quoted natural fertiliser producer, announces that Brian McMaster, Chairman, purchased 4,162,162 ordinary shares in the Company ("Shares") at a price of 18.5p per Share representing an investment of approximately £770,000.  The Shares were purchased via a private entity, Gemstar Investments Limited, which Mr McMaster controls.  Further to this purchase, Mr McMaster holds 6,742,996 Shares.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

*ENDS*

For further information please visit www.harvestminerals.net or contact:

Harvest Minerals Limited	Brian McMaster (Chairman)	Tel: [phone]
Strand Hanson Limited (Nominated & Financial Adviser)	James Spinney Ritchie Balmer	Tel: [phone]
Arden Partners plc (Joint Broker)	Tim Dainton Paul Brotherhood Paul Shackleton	Tel: [phone]
Shard Capital Partners LLP (Joint Broker)	Damon Heath	Tel: [phone]
St Brides Partners Ltd (Financial PR)	Isabel de Salis Gaby Jenner	Tel: [phone]

Notes:

Harvest Minerals (HMI.L) is a Brazilian focused fertiliser producer advancing the 100% owned Arapua Fertiliser Project, which produces KPfértil, a proven, multi-nutrient, slow release, organic fertiliser and remineraliser.  KPfértil offers many economic and agronomic benefits and addresses the significant demand for locally produced fertiliser in Brazil, with its abundant agricultural land; currently, the country imports 90% of the potash it uses but has a target to be self-sufficient in fertilisers by 2020.  Covering 14,946 hectares and located in the heart of the Brazilian agriculture belt in Minas Gerais, Arapua is a shallow, low cost mine with an indicated and inferred resource of 13.07Mt at 3.1% K2O and 2.49% P2O5.  This is based on drilling just 6.7% of the known mineralisation, leaving significant upside potential. This resource is equivalent over 29 years' production and the known mineralisation expected to support 100+ years' production at 450,000 tonnes per annum.

PDMR Notification

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian McMaster
2.	Reason for the Notification
a)	Position/status	Director of the Company
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	HARVEST MINERALS LIMITED
b)	LEI	213800FQKFCEUYOHCP43
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	Ordinary shares (DI) of no par value in Harvest Minerals Ltd
	Identification code	AU000XINEAB4
b)	Nature of the Transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.185 4,162,162
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	11 June 2018
f)	Place of the transaction	AIM (XLON)

 

END

 

 

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