Director/PDMR Shareholding

RNS Number : 3140L

Aurum Mining PLC

30 September 2016

 

30 September 2016

AURUM MINING PLC

("Aurum" or the "Company")

Director/PDMR Shareholding

Aurum Mining plc (AIM: AUR), the Spanish focused gold and tungsten explorer announces that Directors, David Williams and Chris Eadie (via his wife), have subscribed for new ordinary shares in the Company at a price of 1 pence per share through their participation in the placing announced on 21 September 2016.

Following the subscriptions, Mr Williams' interest in the share capital of the Company has increased to a total of 81,083,994 ordinary shares representing 27.6% of the Company's enlarged issued share capital and Mr Eadie's interest in the share capital of the Company has increased to a total of 4,500,001 ordinary shares representing 1.5% of the Company's enlarged issued share capital.

The below notifications made by David Williams and Chris Eadie in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Williams
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Aurum Mining plc
b)	LEI	-
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 Identification code	Ordinary shares of 1p each GB00B00T3528
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 30,000,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	29 September 2016
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Eadie
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Aurum Mining plc
b)	LEI	-
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 Identification code	Ordinary shares of 1p each GB00B00T3528
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 3,500,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	29 September 2016
f)	Place of the transaction	London Stock Exchange, AIM

Contacts:
Aurum Mining plc	www.aurummining.net
David Williams	[phone]
Chris Eadie	[phone]
WH Ireland Limited	Nominated Adviser & Broker
Mike Coe, Ed Allsopp	[phone]

Notes to Editors:

Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.

Gold

Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 56.5% interest in the Pino de Oro project in Zamora Province and a 51.4% interest in the Peralonso and Cabeza projects in Salamanca Province.

Tungsten

Aurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating production from the site of high quality tungsten concentrates.

 

END

 

 

DSHAKKDBOBKKNCN