Amara Mining PLC: DIRECTORS' DEALINGS

Amara Mining PLC: DIRECTORS' DEALINGS 
LONDON, UNITED KINGDOM -- (Marketwired) -- 12/23/13 --  Amara Mining
PLC (AIM: AMA) (TSX: AMZ) 


 
TSX:AMZ
 
23 December 2013                                                 AIM:AMA
 
                            Amara Mining plc
                       ("Amara" or "the Company")
 
                           DIRECTORS' DEALINGS
 
Amara Mining plc, the AIM-listed West African focused gold mining
company, announces that at a meeting of the Company held on 13 December
2013, it was agreed that the non-executive directors of Amara (Messrs
Peter Cowley, Hendrik Faul, Peter Hain and Geoff Stanley) would each be
issued with new ordinary shares of 1p each in the Company ("Ordinary
Shares") to the value of GBP5,000, in accordance with the terms of their
individual letters of appointment.
 
In total, 255,706 new Ordinary Shareshave been issued at a price
of 12.00p, being the closing price on 12 December 2013.
 
Mr Stanley was issued with an additional 100,000 Ordinary Shares in
recognition for the role he played in introducing Amara to RDV
Corporation, which facilitated the acquisition of various assets from
of Amlib Holdings plc by the Company ("the Transaction"). Announced on
07 November 2013, the Transaction brought Amara a long-term supportive
shareholder, US$10 million cash, a drilling services company and three
grassroots exploration assets in Liberia. Amara did not pay any
brokerage fees due to the introduction by Mr Stanley and the additional
Ordinary Shares granted to Mr Stanley are the only remuneration any
party will receive in relation to proposing the Transaction.
 
The details of each director's interestareset out below:
 
Non-Executive     Shares     Previous    New       Percentage of
Director          Issued     Holding     Holding   Enlarged Share
                                                   Capital (%)
Peter Cowley      41,666     33,775      83,284    0.038
 
Hendrik Faul      41,666     7,843       49,509    0.022
 
Peter Hain        30,708     82,372      113,080   0.051
 
Geoff Stanley     141,666    22,056      171,565   0.078
 
Pursuant to the above issue of shares, the Company has made application
to the London Stock Exchange for 255,706 new Ordinary Shares to be
admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective on 30 December 2013.
 
Following Admission, the total issued share capital of the Company will
be220,215,954 Ordinary Shares, all of which have voting rights.
 
The above figure of 220,215,954 may be used by shareholders as the
denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest
in,the share capital ofAmara under the FSA's Disclosure and
Transparency Rules.
 
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
 
Bell Pottinger - Pelham                      +44 (0)20 7861 3232
(Financial Public Relations)
Charlie Vivian
Mark Antelme
James Macfarlane
 
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 remains focused on its objective of becoming a
mid-tier producer through the development of its Baomahun project in
Sierra Leone and its Yaoure project in Cote d'Ivoire. 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
 
END

  
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