11 Jun 2018 07:02
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
11 June 2018
Harvest Minerals Limited
('Harvest' or the 'Company')
Director Dealing
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Harvest Minerals Limited, the AIM quoted natural fertiliser producer, announces that Brian McMaster, Chairman, purchased 4,162,162 ordinary shares in the Company ("Shares") at a price of 18.5p per Share representing an investment of approximately £770,000. The Shares were purchased via a private entity, Gemstar Investments Limited, which Mr McMaster controls. Further to this purchase, Mr McMaster holds 6,742,996 Shares.
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This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
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*ENDS*
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For further information please visit www.harvestminerals.net or contact:
Harvest Minerals Limited | Brian McMaster (Chairman) | Tel: +44 (0) 20 7317 6629 |
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Strand Hanson Limited (Nominated & Financial Adviser) | James Spinney Ritchie Balmer | Tel: +44 (0)20 7409 3494 |
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Arden Partners plc (Joint Broker) | Tim Dainton Paul Brotherhood Paul Shackleton  | Tel: +44 (0) 20 7614 5900 |
Shard Capital Partners LLP (Joint Broker) | Damon Heath | Tel: +44 (0) 20 7186 9900 |
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St Brides Partners Ltd (Financial PR) | Isabel de Salis Gaby Jenner | Tel: +44 (0)20 7236 1177 |
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Notes:
Harvest Minerals (HMI.L) is a Brazilian focused fertiliser producer advancing the 100% owned Arapua Fertiliser Project, which produces KPfértil, a proven, multi-nutrient, slow release, organic fertiliser and remineraliser. KPfértil offers many economic and agronomic benefits and addresses the significant demand for locally produced fertiliser in Brazil, with its abundant agricultural land; currently, the country imports 90% of the potash it uses but has a target to be self-sufficient in fertilisers by 2020. Covering 14,946 hectares and located in the heart of the Brazilian agriculture belt in Minas Gerais, Arapua is a shallow, low cost mine with an indicated and inferred resource of 13.07Mt at 3.1% K2O and 2.49% P2O5. This is based on drilling just 6.7% of the known mineralisation, leaving significant upside potential. This resource is equivalent over 29 years' production and the known mineralisation expected to support 100+ years' production at 450,000 tonnes per annum.
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PDMR Notification
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Brian McMaster | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | HARVEST MINERALS LIMITED | ||||
b) | LEI | 213800FQKFCEUYOHCP43 | ||||
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 instrument, type of instrument | Ordinary shares (DI) of no par value in Harvest Minerals Ltd | ||||
Identification code | AU000XINEAB4 | |||||
b) | Nature of the Transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price | N/A | ||||
e) | Date of the transaction | 11 June 2018 | ||||
f) | Place of the transaction | AIM (XLON) |
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