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Ariana Resources' boss tops up ahead of EIA submission

Last updated: 00:13 07 Dec 2013 AEDT, First published: 01:13 07 Dec 2013 AEDT

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Kerim Sener, chief executive officer of Ariana Resources (LON:AAU), has increased his interest in the company to 1.49%.

Following the purchase of 800,000 Ariana shares at 1.25p per share on behalf of his wife on Thursday, Dr Sener is now interested in a total of 8.3mln Ariana shares.

Dr Sener recently told Proactive Investors that “the company is in a fantastic position at the moment” as it is close to finalising its environmental impact assessment for the Red Rabbit gold project in Turkey.

“Once we’ve got that out of the way, hopefully before the end of this year, we move into final permitting for the mine,” Dr Sener said.

The company’s project partner, Proccea Construction, is talking to a couple of Turkish banks about financing for the project.

“We’re talking about a couple of potential funding options with those banks, and we’re getting close,” said Dr Sener, speaking at the Mines & Money exhibition.

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