|By Marketwired .||
|May 20, 2014 07:20 AM EDT||
LONDON, UNITED KINGDOM -- (Marketwired) -- 05/20/14 -- Amara Mining PLC (AIM: AMA)
20 May 2014 AIM:AMA
Amara Mining plc
("Amara" or "the Company")
Amara Mining plc, the AIM-listed West African-focused gold mining company, announces that it has received notification today that two Directors have acquired ordinary shares of 1 penny each in the Company ("Ordinary Shares") as follows.
On 19 May 2014, John McGloin, Executive Chairman, acquired 587,841 Ordinary Shares at 17.00pence per share. Following this transaction, Mr McGloin and persons connected to him are interested in 871,906 Ordinary Shares representing approximately 0.27 per cent of the Company's issued ordinary share capital, all of which are held beneficially.
On 19 May and 20 May, Pete Gardner, Finance Director, acquired 261,820 Ordinary Shares and 325,000 Ordinary Shares respectively, for a total of 586,820 Ordinary Shares at an average price of 16.98 pence per share. Following this transaction, Mr Gardner and persons connected to him are interested in 755,109Ordinary Shares representing approximately 0.23 per cent of the Company's issued ordinary share capital, all of which are held beneficially.
For more information please contact:
Amara Mining plc +44 (0)20 7398 1420 Catherine Apthorpe, Company Secretary Katharine Sutton, Head of Investor Relations Peel Hunt LLP +44 (0)20 7418 8900 (Nominated Adviser & Joint Broker) Matthew Armitt Ross Allister GMP Securities Europe LLP +44 (0)20 7647 2800 (Joint Broker) Richard Greenfield David Wargo Farm Street Communications +44 (0)7593 340 107 (Media Relations) Simon Robinson
About Amara Mining plc
Amara is a gold developer-producer with assets in West Africa. The Company generates cash flow through its Kalsaka/Sega gold mine in Burkina Faso. Amara is focused on unlocking the value in its development projects. At Yaoure in Cote d'Ivoire, this will be done by increasing the confidence in the existing Mineral Resource and economics at the project as the Company progresses it through to Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun, this will be done by gaining an improved understanding of the exploration upside potential and underground opportunity. With its experience of bringing new mines into production and a project pipeline spanning four countries, Amara aims to further increase its production profile with highly prospective opportunities across all assets.
This information is provided by RNS
The company news service from the London Stock Exchange