Director/PDMR Shareholding

RNS Number : 3327N

Aurum Mining PLC

25 October 2016

 

25 October 2016

AURUM MINING PLC

("Aurum" or the "Company")

Director/PDMR Shareholdings

Issue of Equity

Aurum Mining plc (AIM: AUR), the Spanish focused gold and tungsten explorer, announces that it has received notices from each of Mo Stevens, Chief Executive Officer, and Non-executive Directors Robin Southwell and Stephen Ball, to exercise their rights to subscribe for 10,000,000 shares each at an price of 1 pence per share being the price of the last equity fundraise.  Following the exercise, each director holds 10,000,000 shares, equal to 3.07 per cent. of the issued share capital.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

David Williams, Chairman, commented: "I am delighted that the new directors have exercised their right to acquire £100,000 of shares so soon after their appointments. This is a great commitment on their part and our shareholders should be encouraged that they are invested to see our company thrive and prosper."

Application will be made for the 30,000,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 1 November 2016.  The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following this issue, its issued share capital will comprise 326,250,286 Ordinary Shares of 1 pence each. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 326,250,286.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mo Stevens
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	Aurum Mining plc
b)	LEI	N/A
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	Exercise of right to subscribe for shares
c)	Price(s) and volume(s)	Price(s) Volume(s)  1p 10,000,000
d)	Aggregated information -      Aggregated volume -      Price	10,000,000 £100,000
e)	Date of the transaction	24 October 2016
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Robin Southwell
2	Reason for the notification
a)	Position/status	Non-executive 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	N/A
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	Exercise of right to subscribe for shares
c)	Price(s) and volume(s)	Price(s) Volume(s)  1p 10,000,000
d)	Aggregated information -      Aggregated volume -      Price	10,000,000 £100,000
e)	Date of the transaction	24 October 2016
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Ball
2	Reason for the notification
a)	Position/status	Non-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	Aurum Mining plc
b)	LEI	N/A
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	Exercise of right to subscribe for shares
c)	Price(s) and volume(s)	Price(s) Volume(s)  1p 10,000,000
d)	Aggregated information -      Aggregated volume -      Price	10,000,000 £100,000
e)	Date of the transaction	24 October 2016
f)	Place of the transaction	London Stock Exchange, AIM

Contacts:
Aurum Mining plc	www.aurummining.net
David Williams Mo Stevens	[phone] [phone]
WH Ireland Limited	Nominated Adviser & Broker
Mike Coe, Ed Allsopp	[phone]
Powerscourt	[e-mail]
Ben Griffiths, Andy Jones	[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.

 

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