Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
11 June 2018
Harvest Minerals Limited
('Harvest' or the 'Company')
Director Dealing
Harvest Minerals Limited, the AIM quoted natural fertiliser producer, announces that Brian
McMaster, Chairman, purchased 4,162,162 ordinary shares in the Company ("Shares") at a price of 18.5p per Share representing an investment of approximately £770,000. The Shares were purchased via a private entity, Gemstar Investments Limited, which Mr McMaster controls. Further to this purchase, Mr McMaster holds 6,742,996 Shares.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
*ENDS*
For further information please visitwww.harvestminerals.netor contact:
Harvest Minerals Limited | Brian McMaster (Chairman) | Tel: +44 (0) 20 7317 6629 |
Strand Hanson Limited | James Spinney | Tel: +44 (0)20 7409 3494 |
(Nominated & Financial Adviser) | Ritchie Balmer | |
Arden Partners plc | Tim Dainton | Tel: +44 (0) 20 7614 5900 |
(Joint Broker) | Paul Brotherhood | |
Paul Shackleton | ||
Shard Capital Partners LLP | Damon Heath | Tel: +44 (0) 20 7186 9900 |
(Joint Broker) | ||
St Brides Partners Ltd | Isabel de Salis | Tel: +44 (0)20 7236 1177 |
(Financial PR) | Gaby Jenner | |
Notes: |
Harvest Minerals (HMI.L) is a Brazilian focused fertiliser producer advancing the 100% owned Arapua Fertiliser Project, which produces KPfértil, a proven, multi-nutrient, slow release, organic fertiliser and remineraliser. KPfértil offers many economic and agronomic benefits and addresses the significant demand for locally produced fertiliser in Brazil, with its abundant agricultural land; currently, the country imports 90% of the potash it uses but has a target to be self-sufficient in
fertilisers by 2020. Covering 14,946 hectares and located in the heart of the Brazilian agriculture belt in Minas Gerais, Arapua is a shallow, low cost mine with an indicated and inferred resource of 13.07Mt at 3.1% K2O and 2.49% P2O5. This is based on drilling just 6.7% of the known mineralisation, leaving significant upside potential. This resource is equivalent over 29 years' production and the known mineralisation expected to support 100+ years' production at 450,000
tonnes per annum.
PDMR Notification
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Brian McMaster | |||
2. | Reason for the Notification | ||||
a) | Position/status | Director of the Company | |||
b) | Initial notification/amendment | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | HARVEST MINERALS LIMITED | |||
b) | LEI | 213800FQKFCEUYOHCP43 | |||
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 (DI) of no par value in Harvest Minerals Ltd | |||
Identification code | AU000XINEAB4 | ||||
b) | Nature of the Transaction | Purchase of Ordinary Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
£0.185 | 4,162,162 | ||||
d) | Aggregated information Aggregated volume Price | N/A | |||
e) | Date of the transaction | 11 June 2018 | |||
f) | Place of the transaction | AIM (XLON) |
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Disclaimer
Harvest Minerals Limited published this content on 11 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 June 2018 06:17:01 UTC