Last checked at 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
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.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
*ENDS*
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 |
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.
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) | ||||