News Column

Aurasian Minerals Unaware Of Reason For Share Price Movement

June 9, 2014

Tom McIvor

LONDON (Alliance News) - Aurasian Minerals PLC, formerly Triple Plate Junction PLC, Monday said it is unaware of any reason for a sharp increase in the company's share price on Friday other than a new investment in the company that day.

The gold exploration company with operations in Papua New Guinea and Vietnam, which changed its name on May 20, said it sees no business or operational reason for its 41% share price jump on Friday. In early trading on Monday following the statement, Aurasian shares have fallen back 17% to 0.500 pence, putting it amongst the top-five AIM ALL-Share fallers.

Aurasian Minerals said on Monday that its existing investor Alan Fairless acquired 2.0 million shares in the company through roughly 15 trades at an average price of approximately 0.50 pence per share on Friday.

It said that Fairless, who invests in the company as part of a trust for two of his children, now holds 18.5 million shares, of 5.02% of its share capital. He is not listed as a director of the company.

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Source: Alliance News

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