Business
Directors Trading
Directors Trading.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n \nRNS Number : 1937C AfriTin Mining Ltd 18 January 2018 \n\nAfriTin Mining Limited\n(\"AfriTin\" or the \"Company\")\nDirectors Trading\nAfriTin Mining Limited (AIM:ATM), a mining company with a portfolio of near production tin assets in Namibia and South Africa, confirms that it has received notice that on 17 January 2018 Anthony Viljoen, a director of the Company, purchased 207,290 Ordinary Shares at a price of 2.4p per Ordinary Share, this brings Anthony's total holding in the Company to 2,723,942 Ordinary Shares representing 0.92% of the issued share capital of the Company and 0.92% of the total voting rights of the Company.\nAfriTin Mining was formed earlier this year to take advantage of the global tin deficit and rising consumer demand and has a vision to create a portfolio of world-class tin producing assets. \nAfriTin Mining's flagship asset is the Uis brownfield tin mine in Namibia, historically, the world's largest open cast hard-rock tin deposit. With engineering plans near completion, the Company currently plans to fast track the mine to production in 2018. Uis was discovered in 1911 and Iscor started production at Uis in the 1970s and ended in 1990 as a result of depressed tin prices. AfriTin Mining is expecting early cash flows to scale up production and expand the Company's footprint. \nCommenting Glen Parsons, Chairman of AfriTin Mining, said: \"As we have already stated, our vision is to become a fully-fledged, conflict free tin mining company. As part of our strategy we have a clear path to early stage production with the key elements already well underway. The admission to AIM has allowed us to raise sufficient capital to achieve this strategy and work towards consistent cash flows, in a positive tin price environment. I believe that having directors purchase shares in their own right is a testament to our belief in the strategy going forward. We are looking forward to 2018.\"\nSummary of Directors Interests\nA summary of all the Directors' interests in the Company is set out below:\n\n\n\n\nDirector\n\n\nNumber of Shares\n\n\nper. cent\n\n\n\n\nGlen Parsons\n\n\n1,025,641\n\n\n0.34\n\n\n\n\nAnthony Viljoen\n\n\n2,723,942*\n\n\n0.92\n\n\n\n\nRoger Williams\n\n\n641,025\n\n\n0.22\n\n\n\n\nLaurence Robb\n\n\n320,512\n\n\n0.11\n\n\n\n\n*This includes 516,652 Ordinary Shares pursuant to the De...