Business
Completion of Acquisition by Merger
Completion of Acquisition by Merger.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n1 July 2024\nAIM: AAU\n \n \nCOMPLETION OF ACQUISITION BY MERGER WITH ROCKOVER HOLDINGS LIMITED\nBOARD APPOINTMENTS\nDIRECTOR/PDMR HOLDING\nTOTAL VOTING RIGHTS\nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold project interests in Africa and Europe, is pleased to announce that further to shareholder approval at a General Meeting on 26 June 2024, the all-share merger of the Company and Rockover Holdings Limited (\"Rockover\") in accordance with the merger implementation agreement (\"Merger\") has completed.\nAdmission to trading on AIM of the 687,817,998 new ordinary shares of 0.1p each (\"Merger Shares\") will take place today at 08.00 am (\"Admission\").\nAccordingly, the Company is pleased to announce the following appointments to the Board:\nNicholas John Gore Graham, Non-Executive Director, aged 74\nNick is a Chartered Geologist with 50 years' experience in mineral exploration and mine development, mostly in Zimbabwe, with Falconbridge Exploration Inc, Kamativi Tin Mines Ltd and managing Cluff Resources PLC and Reunion Mining PLC. He pioneered heap-leaching in Zimbabwe and discovered and developed the largest gold mine in the country: Freda Rebecca. He co-founded Reunion Mining, discovered the Maligreen gold deposit and developed the Sanyati copper mine in Zimbabwe and Dunrobin gold mine in Zambia.\nNicholas Graham intends to appoint Matthew Randall, aged 68, as his alternate director*\n \n\n\n\n\nCURRENT DIRECTORSHIPS\n\n\nPAST DIRECTORSHIPS WITHIN THE LAST 5 YEARS\n\n\n\n\nRockover Holdings Ltd\nCanister Investments (Pty) Ltd\nBateleur Resources Ltd\nRealty Dynamic 58 (Pty) Ltd\nAboreta Park (Pty) Ltd\nRockover Administration\nRG Bargy\n\n\nNone\n\n\n\n\nAt Admission, Nicholas Graham's beneficial holding will be 357,946,873 ordinary shares representing 19.52% of the Enlarged Group. His holdings in the Enlarged Group at Admission will be held through Bateleur Resources plc, which is 100% owned by the Wellington Trust, which is administered by Stonewell. Nicholas Graham is the ultimate beneficial owner.\nAndrew John du Toit, Operations Director, aged 60\nAndrew has 37 years of experience in the Zimbabwean mining industry in roles from project geologist to general manager. He ...