Asiamet Resources Limited Share Purchase by CEO (5082X)
December 20 2023 - 9:30AM
UK Regulatory
TIDMARS
RNS Number : 5082X
Asiamet Resources Limited
20 December 2023
20 December 2023
Share Purchase by CEO
Asiamet Resources Limited ("Asiamet" or the "Company") was today
notified that on 19 December 2023 Darryn McClelland, Chief
Executive Officer, purchased 2,000,000 common shares of par value
US$0.01 each ("Common Shares") at 0.80p per share in the Company.
Darryn McClelland now holds an interest of 23,275,484 Common
Shares, equivalent to 0.90% of the issued share capital of the
Company.
Darryn McClelland, Chief Executive Officer, commented:
"Having recently received additional funding from our major
shareholder (in which I also participated), I see a strong future
for Asiamet and feel confident in increasing my already significant
investment in the Company. We remain focused on progressing the
development of the BKM Copper cathode project, the newest
incremental copper production to come to market in this region,
whilst exploring the opportunities for increased exploitation of
the BKM copper resource and high grade polymetallic resources on
the KSK Contract of Work."
The following notification has been made in accordance with the
requirements of the EU Market Abuse Regulation as part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018,
as amended.
Notification of Transactions of Persons Discharging Managerial
Responsibility and Persons Closely Associated with them.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Darryn McClelland
------------------------------------ -----------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status Chief Executive Officer
------------------------------------ -----------------------------
b. Initial notification/Amendment Initial Notification
------------------------------------ -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a. Name Asiamet Resources Limited
------------------------------------ -----------------------------
b. LEI 213800PWJMT1NG28TA88
------------------------------------ -----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a. Description of the Financial Common Shares of par value
instrument, type of instrument US$0.01 each
Identification code BM04521V1038
------------------------------------ -----------------------------
b. Nature of the transaction Purchase of ordinary shares
------------------------------------ -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
0.80p/share 2,000,000
----------
------------------------------------ -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------------ -----------------------------
e. Date of the transaction 19 December 2023
------------------------------------ -----------------------------
f. Place of the transaction London Stock Exchange
------------------------------------ -----------------------------
ON BEHALF OF THE BOARD OF DIRECTORS
Darryn McClelland, Chief Executive Officer
-Ends-
For further information, please contact:
Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited
Email: darryn.mcclelland@asiametresources.com
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@ asiametresources .com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Nominated & Financial Adviser
Strand Hanson Limited
James Spinney / James Dance / Rob Patrick
Email: asiamet@strandhanson.co.uk
Broker
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Follow us on twitter @AsiametTweets
FORWARD-LOOKING STATEMENT
This news release contains forward-looking statements that are
based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterised by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
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END
DSHNKKBDQBDDABB
(END) Dow Jones Newswires
December 20, 2023 09:30 ET (14:30 GMT)
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