19 May 2023
Share Purchase by CEO
Asiamet Resources Limited ("Asiamet" or the "Company") was notified on 17 May 2023 that Darryn McClelland, Chief Executive Officer purchased 5,500,000 common shares of par value US$0.01 each ("Common Shares") at 1.00p per share in the Company. Darryn McClelland now holds an interest of 10,500,000 shares in Asiamet equivalent to 0.48% of the issued share capital of the Company.
Darryn McClelland, Chief Executive Officer commented:
"Having recently released the updated Feasibility Study for the BKM Copper project I can see a clear path forward for one of the very few advanced, near-term construction copper projects in the Asian region. Our focus now turns to project financing for BKM and with strong fundamentals underpinning the copper market into the future this process is expected to be well supported. The syndicated bank process commenced months ago with formal appointment of a lead bank the next step. The BKM Copper project coupled with further development of the broader BKM mineral district including the high value BKZ polymetallic resource, and the large, globally significant Beutong copper-gold resource provide excellent optionality to grow Asiamet into the future. With a supportive major shareholder who shares the vision of the need for responsible supply of energy transition metals to key markets in Asia, the future is bright for Asiamet."
The details of the purchase are disclosed below. The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them.
TR-1: Standard form for notification of major holdings
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | Darryn McClelland | ||||
| 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 | Asiamet Resources Limited | ||||
| b. | LEI | 213800PWJMT1NG28TA88 | ||||
| 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 | Common Shares of par value US$0.01 each BM04521V1038 | ||||
| b. | Nature of the transaction | Purchase of ordinary shares | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information · Aggregated volume · Price |
n/a single transaction | ||||
| e. | Date of the transaction | 16 May 2023 | ||||
| f. | Place of the transaction | London Stock Exchange | ||||
ON BEHALF OF THE BOARD OF DIRECTORS
Darryn McClelland, Chief Executive Officer
For further information, please contact:
-Ends-
Darryn McClelland
CEO, Asiamet Resources Limited
Email: darryn.mcclelland@asiametresources.com
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Stephen.Allen@rfcambrian.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Follow us on twitter @AsiametTweets
FORWARD-LOOKING STATEMENT
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
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