Ariana Regulatory News (AAU)

13 Oct 2005 14:53

Ariana Resources PLC13 October 2005 13 October 2005 AIM: AAU GRANT OF OPTIONS, ISSUE OF SHARES AND HOLDING IN COMPANY Ariana Resources plc ("Ariana" or "the Company"), the gold exploration companyfocused exclusively on Turkey, announces that it has granted 970,000 shareoptions to certain directors, consultants and employees of the Company. The Options have been granted under the Company's unapproved share option schemeto purchase ordinary shares of 1p in the capital of the Company at an exerciseprice of 13 pence, exercisable for a period of ten years. The exercise price hasbeen calculated as a premium to the average of the middle market quotations asset out in the Official List of the London Stock Exchange plc, for the threeDealing Days immediately preceding the Date of Grant. The total number ofoptions outstanding under the scheme is 3,141,000. Grant of share options to Directors was as follows: Director Position New Options Total HeldMichael J Spriggs Chairman (Non executive) 195,000 629,200Steven J Poulton Chief Executive 95,000 652,223Matthew R Grainger Operations Director 95,000 652,223A Kerim Sener Exploration Director 95,000 652,223Mike A Etheridge Non executive 195,000 195,000Michael de Villiers Non executive 195,000 195,000 Issue of new sharesThe Company announces that it has issued and allotted 35,800 new Ordinary sharesto the Company's broker, Ambrian Partners Limited, in satisfaction of £4,296payable at 12 pence per share for fees related to the Company's recent admissionto AIM. The issue of new shares brings the total number of Ordinary shares inissue to 31,466,865. Application will be made for the new shares to be admittedto trading on AIM. Holding in CompanyThe Company announces that it received notification on 12 October 2005 that asat the close of business on 7 October 2005 Eastbound Resources Limited has anotifiable interest of 1,265,833 ordinary shares of 1p each, representing 4.02%of the Company's issued share capital. Contacts: Ariana Resources plcSteven Poulton, Chief Executive Tel: 01235 511 767s.j.poulton@arianaresources.com Mobile: 0797 408 6712 Beaumont Cornish Limited Tel: 020 7628 3396Roland Cornish Bankside ConsultantsMichael Padley / Susan Scott Tel: 020 7367 8888 About Ariana Resources Ariana is a technology-driven exploration company focused on the potentialdiscovery of multi-million ounce epithermal gold-silver and porphyry copper-golddeposits within the Tethyan metallogenic belt of Turkey. The Company has aportfolio of prospective licences covering over 1,000km2, selected on the basisof its advanced in-house remote sensing database. Ariana's broker is AmbrianPartners Limited and Beaumont Cornish Limited is nominated adviser. This information is provided by RNS The company news service from the London Stock Exchange