14 January 2009
AIM / PLUS Markets: AAU
DIRECTORS' DEALINGS
Further to the announcement made earlier today, Ariana Resources plc
("Ariana" or "the Company"), the gold exploration and development
company focused on Turkey, is pleased to announce the Directors'
participation as set out below in the placing of 50,000,000 new
Ordinary Shares of 1 pence each at a price of 1 pence per share ("the
Placing"), raising £500,000 before expenses. The Directors have
subscribed on the same terms as all the other parties who subscribed
under the Placing.
Certain of the Directors and related parties will now hold a total of
5,859,500 shares corresponding to 4.12% of the Company.
Following the Placing, the Directors' shareholdings will be as
follows:
+-------------------------------------------------------------------+
| | Placing | Shareholding | Percentage holding |
| | Shares | following | of issued shares |
| | | Placing | following Placing |
|-------------+-----------+--------------+--------------------------|
| Kerim Sener | 1,000,000 | 3,650,000 | 2.57% |
| * | | | |
|-------------+-----------+--------------+--------------------------|
| Michael | 150,000 | 387,500 | 0.27% |
| Spriggs | | | |
|-------------+-----------+--------------+--------------------------|
| Michael de | 500,000 | 1,822,000 | 1.28% |
| Villiers | | | |
+-------------------------------------------------------------------+
* Kerim Sener's shareholding currently includes shares held by
related parties.
The Placing is conditional upon admission to trading on AIM of the
new Ordinary Shares. Application will be made to the London Stock
Exchange for the new Ordinary Shares to be issued pursuant to the
Placing to be admitted to trading on AIM. It is anticipated that
Admission will become effective and dealings will commence on 20
January 2009. The new Ordinary Shares will rank pari passu, in all
respects, with the existing Ordinary Shares that are currently in
issue and are traded on AIM. Following admission of these shares,
there will be a total of 142,255,078 Ordinary Shares in issue.
Contacts:
Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish
Lothbury Financial Tel: 020 7011 9411
Michael Padley / Louise Davis
Alexander David Securities Limited Tel: 020 7448 9820
Nick Bealer / David Scott
Loeb Aron & Company Ltd Tel: 020 7628 1128
Peter Freeman / Frank Lucas
Editors' note:
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 exploring 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 European
Goldfields Limited in north-eastern Turkey.
The Company's flagship assets are its Sindirgi and Tavsan gold
projects. Both projects 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. The total resource
inventory of the Company stands at 401,000 ounces of gold
equivalent.
Loeb Aron & Company Ltd. and Alexander David Securities Limited 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.
Ends
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