Business
Directors' Dealings and Holding in Company
Directors' Dealings and Holding in Company.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Directors' Dealings and Holding in Company31 July 2013 AIM: AAUDIRECTORS' DEALINGSHOLDING IN COMPANYAriana Resources plc (\"Ariana\" or \"the Company\"), the gold exploration and development company focused on Turkey, announces that it was informed yesterday that Mr Michael de Villiers, Director, purchased a total of 1,000,000 ordinary shares in Ariana on that date at an average price of 0.925p per ordinary share.Further to this purchase Mr de Villiers holds 7,735,502 ordinary shares in the Company, representing a percentage holding of 1.39% of the total issued share capital.Contacts:Ariana Resources plcTel: +44 (0) 20 7407 3616Michael Spriggs, ChairmanKerim Sener, Managing DirectorBeaumont Cornish LimitedTel: +44 (0) 20 7628 3396Roland Cornish / Felicity GeidtBeaufort Securities LimitedTel: +44 (0) 20 7382 8387Chris Rourke / Guy WheatleyLoeb Aron & Company Ltd.Tel: +44 (0) 20 7628 1128Frank Lucas St Brides Media & Finance LtdTel: +44 (0) 20 7236 1177Hugo de Salis / Susie GeliherEditors' note:About Ariana ResourcesAriana 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, on its own in western Turkey and in Joint Venture with Eldorado Gold Corporation in north-eastern Turkey. Eldorado owns 51% of this joint venture and is fully funding all exploration work on the JV properties, while Ariana owns 49% and is the operator. 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 also has a strategic investment in Tigris Resources Limited (www.tigris...