Last checked at 25 Oct 2016 07:00
25 October 2016
AURUM MINING PLC
("Aurum" or the "Company")
Director/PDMR Shareholdings
Issue of Equity
Aurum Mining plc (AIM: AUR), the Spanish focused gold and tungsten explorer, announces that it has received notices from each of Mo Stevens, Chief Executive Officer, and Non-executive Directors Robin Southwell and Stephen Ball, to exercise their rights to subscribe for 10,000,000 shares each at an price of 1 pence per share being the price of the last equity fundraise. Following the exercise, each director holds 10,000,000 shares, equal to 3.07 per cent. of the issued share capital.
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
David Williams, Chairman, commented: "I am delighted that the new directors have exercised their right to acquire £100,000 of shares so soon after their appointments. This is a great commitment on their part and our shareholders should be encouraged that they are invested to see our company thrive and prosper."
Application will be made for the 30,000,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 1 November 2016. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.
In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following this issue, its issued share capital will comprise 326,250,286 Ordinary Shares of 1 pence each. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 326,250,286.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Mo Stevens | ||||
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 | Aurum Mining plc | ||||
b) | LEI | N/A | ||||
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
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Exercise of right to subscribe for shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
10,000,000 £100,000 | ||||
e) | Date of the transaction | 24 October 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Robin Southwell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aurum Mining plc | ||||
b) | LEI | N/A | ||||
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
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Exercise of right to subscribe for shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
10,000,000 £100,000 | ||||
e) | Date of the transaction | 24 October 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Stephen Ball | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-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 | Aurum Mining plc | ||||
b) | LEI | N/A | ||||
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
Identification code | Ordinary shares of 1p each
GB00B00T3528 | ||||
b) | Nature of the transaction | Exercise of right to subscribe for shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
10,000,000 £100,000 | ||||
e) | Date of the transaction | 24 October 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Contacts: | |
Aurum Mining plc | www.aurummining.net |
David Williams Mo Stevens | +44 (0) 797 014 8016 +44 (0) 780 171 2582 |
WH Ireland Limited | Nominated Adviser & Broker |
Mike Coe, Ed Allsopp | +44 (0) 117 945 3470 |
Powerscourt | aurum@powerscourt-group.com |
Ben Griffiths, Andy Jones | +44 (0)20 7250 1446 |
Notes to Editors:
Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.
Gold
Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 56.5% interest in the Pino de Oro project in Zamora Province and a 51.4% interest in the Peralonso and Cabeza projects in Salamanca Province.
Tungsten
Aurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating production from the site of high quality tungsten concentrates.