Ariana Resources plc : Director's Dealings

 

 

29 June 2012
AIM / PLUS Markets: AAU

DIRECTOR'S  DEALINGS

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, was informed on 28 June 2012 that on that date, Kerim Sener, Managing Director purchased 300,000 ordinary shares in the Company at a price of 2.35 pence per ordinary share.  

Further to this purchase, Kerim Sener holds 4,650,000 ordinary shares in the Company, representing a percentage holding of 1.71% of the total issued share capital.

Contacts:

Ariana Resources plc	Tel: [phone]
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited	Tel: [phone]
Roland Cornish / Felicity Geidt
Fairfax I.S. PLC	Tel: [phone]
Ewan Leggat / Laura Littley
St Brides Media & Finance Ltd	Tel: [phone]
Susie Geliher / Hugo de Salis

About Ariana Resources:

Ariana is an exploration and development company focused on 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.

The Company's flagship assets are its Sindirgi and Tavsan gold projects which 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 of the Company stands at 448,000 ounces of gold equivalent.  

Ariana maintains a Joint Venture in northeastern Turkey and also has a strategic investment in Tigris Resources Limited (www.tigrisresources.com), a private Jersey-based exploration company, which is focused on the exploration of copper and gold deposits in southeastern Turkey.  Ariana retains approximately 13% of Tigris Resources Limited.  

Fairfax I.S. PLC are 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.

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Source: Ariana Resources plc via Thomson Reuters ONE

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