No, they've been placed. They have to disclose the directors dealings in the RNS. And if anyone who took placing shares are now over 3% then they'll have to TR-1. But anyone who isn't a director and hasn't breached a TR-1 disclosure threshold doesn't have to be named in the RNS. The 91m thus are to other people.
I'm a little confused - the company issued 111,111,111 new shares, the Directors and Proccea took 19,444,445, what happened to the other 91,666,666. Are they sitting around awaiting a buyer?
RE: Q&A with Kerim
I thought it was very poor. 2 months after the FP they cannot tell us that the construction has started. No mention about the new cash costs after the incentives and oil price decline. Proceea invested because even though AAU can sell back into Zenit at 3X the exploration costs, the money raised means dilution by AAU shareholders. How much of the jorc of the 465K oz (total JV) can be sold back into Zenit???????
Q&A with Kerim
There's a detailed Q&A with Kerim on the Mining Maven website. Worth a read. "Ariana Resources:Financing update Q&A with MD Kerim Sener MiningMaven Published on Thursday, 30 July 2015 13:01 Following Ariana Resources successful fundraising announcement on Monday 27th July, we took the opportunity to put some investor focused questions to MD Dr Kerim Sener, you can see his responses below - essential reading!" http://www.miningmaven.com/companies/aim-mining/ariana-resources/
Dibs et al
have mailed Beril again wrt AISC, had also asked in previous mail about possible placing to fund exploration over next 12 months or so....we now know the answer to that one.
Beril - we need you
We need the cash costs, the savings from the government incentives and reduced oil price as well as a statement saying that we have started construction (it is nearly 2 months since the company received the FP). We also need the quarterly report, a good thing to keep all the company's activities in one place. COME ON BERIL
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