Shareholding

About this update from Ariana Resources Plc

[{"type":"text","content":"\n \n\n\n\n\n17 November 2010\nAIM / PLUS Markets: AAU\n\n\n SHAREHOLDING\n\nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold exploration and\ndevelopment company focused on Turkey, were informed today that following the\npurchase of 500,000 ordinary shares in Ariana, Starvest plc is now the\nbeneficial holder of 13,456,000 ordinary shares or 6.06% of the issued share\ncapital.\n\n\nContacts:\n\n Ariana Resources plc Tel: 020 7407 3616\n\n Michael Spriggs, Chairman\n\n Kerim Sener, Managing Director\n\n\n\n Beaumont Cornish Limited Tel: 020 7628 3396\n\n Roland Cornish\n\n\n\n Alexander David Securities Limited Tel: 020 7448 9820\n\n Nick Bealer / David Scott\n\n\n\n Loeb Aron & Company Ltd Tel: 020 7628 1128\n\n Jonathan Willis-Richards / Frank Lucas\n\n\nEditors' note:\n\nAbout Ariana Resources\n\nAriana is an exploration and development company focused on epithermal gold-\nsilver and porphyry copper-gold deposits in Turkey.  The Company is exploring a\nportfolio of prospective licences selected on the basis of its in-house\ngeological and remote-sensing database, on its own in western Turkey and in\nJoint Venture with European Goldfields Limited in north-eastern Turkey.\n\nThe Company's flagship assets are its Sindirgi and Tavsan gold projects.  Both\nprojects contain a series of prospects, within two prolific mineralised\ndistricts in the Western Anatolian Volcanic and Extensional (WAVE) Province in\nwestern Turkey.  This Province hosts the largest operating gold mines in Turkey\nand remains highly prospective for new porphyry and epithermal deposits.  These\ncore projects, which are separated by a distance of 75km, are presently being\nassessed as to their economic merits and now form part of a Joint Venture with\nProccea Construction Co.  The total resource inventory of the Company stands at\n448,000 ounces of gold equivalent.\n\nLoeb Aron & Company Ltd. and Alexander David Securities Limited are joint\nbrokers to the Company and Beaumont Cornish Limited is the Company's Nominated\nAdviser.\n\nFor further information on Ariana you are invited to visit the Company's website\natwww.arianaresources.com.\n\n\nEnds\n\n\n\n\n\n[HUG#1463427]\n\n\n\n\n\n\n\n\nThis announcement is distributed by Thomson Reuters on behalf of \nThomson Reuters clients. The owner of this announcement...

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