REG - Oriole Resources PLC - Director Dealing

Oriole ResourcesAnnouncement

13/06/2024 13:30

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RNS Number : 3655S  Oriole Resources PLC  13 June 2024

Oriole Resources PLC

('Oriole Resources' or 'the Company' or 'the Group')

 

Director Dealing

 

Oriole Resources PLC (AIM: ORR), the AIM-quoted gold exploration company
focussed on West Africa, announces that Martin Rosser, the Company's Chief
Executive Officer, has today acquired 3,000,000 Ordinary Shares of 0.1p each
('Ordinary Shares') in the Company at a price of 0.354 pence per share. The
shares purchased represent 0.08% of the issued share capital of the Company.

 

 

 Name           Number of Ordinary Shares held prior to transaction  Number of Ordinary Shares Purchased  Resultant shareholding in the Company following the transaction  Percentage of the issued share capital of the Company following the
                                                                                                                                                                           transaction
 Martin Rosser  0                                                    3,000,000                            3,000,000                                                        0.08%

 

 

Following this purchase of shares, the Company's Directors now hold a total
225,196,990 Ordinary Shares, representing 5.78% of the Company's total voting
rights.

 

Further details of the acquisition are included in the PDMR form below. This
information has been provided in accordance with Article 5(1)(b) of the Market
Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018.

 

 

 

** ENDS **

 

ANNEX - PDMR notifications

 

Template for notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely associated with
them

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                    Martin Rosser

 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                                                         Oriole Resources PLC

 b)   LEI                                                          213800X32GJR5AGAR511

 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 of 0.1 pence each in the capital of the Company

      Identification code                                          Ordinary Share ISIN: GB00B0T29327

 b)   Nature of the transaction                                    Purchase of new shares.

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.354p            3,000,000

 d)   Aggregated information

      - Aggregated volume                                          3,000,000 Ordinary Shares of 0.1 pence each

      - Price                                                      0.354 pence per Ordinary Share

 e)   Date of the transaction                                      13(th) June 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 

 

For further information please visit www.orioleresources.com
(http://www.orioleresources.com) , @OrioleResources on X, or contact:

  Oriole Resources Plc                     Tel: +44 (0)23 8065 1649
 Martin Rosser / Bob Smeeton / Claire Bay

 BlytheRay (IR/PR Contact)                 Tel: +44 (0)20 7138 3204
 Tim Blythe / Megan Ray

 Grant Thornton UK LLP                     Tel: +44 (0)20 7383 5100
 Samantha Harrison / Ciara Donnelly /Elliot Peters
 SP Angel Corporate Finance LLP            Tel: +44 (0)20 3470 0470

 Ewan Leggat / Kasia Brzozowska

 

Notes to Editors:

 

Oriole Resources PLC is an AIM-listed gold exploration company, operating
in West Africa. It is focussed on early-stage exploration
in Cameroon, where the Company has reported a Resource of 375,000oz Au at
2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and
has identified multi-kilometre gold and lithium anomalism within the
district-scale Central Licence Package project. BCM International is
currently earning up to a 50% interest in the Bibemi and Mbe projects in
return for a combined investment of US$1.5 million in signature payments, up
to US$8 million in exploration expenditure, as well as JORC resource-based
success payments.

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl
('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed
a six-year earn-in to acquire an estimated 59% beneficial interest in the
Senala Exploration Licence by spending US$5.8 million. A review of
expenditure and discussions on the formation of a joint-venture company are
currently underway. The Company also has several interests and royalties in
companies operating in East Africa and Turkey that could deliver future
cash flow.

 

 

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