Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBezant Res Share News (BZT)

Share Price Information for Bezant Res (BZT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0225
Bid: 0.02
Ask: 0.025
Change: 0.00 (0.00%)
Spread: 0.005 (25.00%)
Open: 0.0225
High: 0.0225
Low: 0.0225
Prev. Close: 0.0225
BZT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Bezant Resources Reviews Colombia, Issues Shares To Pay Fees (ALLISS)

Thu, 22nd Mar 2018 14:59

LONDON (Alliance News) - Bezant Resources PLC said Thursday it has settled fees to current and former directors while other directors have agreed to waive GBP37,558 of fees.

Chief Executive Laurence Read and former Chairman Edward Nealon have agreed to waive the fees "to preserve the company's cash resources".

It has issued 6.7 million new shares to former Chief Executive Bernard Olivier in lieu of GBP30,000 of fees due. Further, unnamed directors have converted outstanding fees of GBP31,233 to 6.9 million new shares, and current management has agreed to convert GBP22,217 of fees to 4.9 million new shares.

All shares were converted at 0.45 pence per share, a 7.1% premium to its 0.42p closing price on Wednesday. Shares were down 3.0% on Thursday at 0.40p.

Furthermore, Bezant has issued 12.4 million new shares to Verona Investment Group Inc in place of GBP55,800 of fees owed. An obligation to issue a further 15.0 million shares as deferred consideration for the acquisition of Kellstown Investments Corp has been terminated, it added.

Bezant expects the total of 30.9 million new shares to be admitted to trading on Wednesday next week, following which it will have 776.6 million shares in issue.

Bezant added it is to renew focus on its copper-gold exploration assets in the Philippines and Argentina, while it is to re-evaluate its position of the Choco gold-platinum project in Colombia.

Executive Chairman Colin Bird said: "Having recently joined Bezant's board as chairman, I fully support the geological and corporate review work being undertaken. Periodically, companies must undergo a rigorous examination of their strategic focus and operations and now is an opportune time for Bezant.

"I believe that the fundamentals for copper have seldom been so good and that the suite of existing assets held by Bezant presents an enormous opportunity for shareholders. Once our review process, including site visits, has been fully completed, we will provide a further update on our intended focus and future direction."

More News
12 Jul 2023 12:47

Caerus Mineral Resources loss widens during tumultuous 2022

(Alliance News) - Caerus Mineral Resources PLC on Wednesday said its loss widened in 2022, citing a "tumultuous year".

Read more
30 Jun 2023 16:22

Bezant Resources swings to annual profit; notes volatile copper price

(Alliance News) - Bezant Resources PLC on Friday reported an annual swing to a profit amid an increase in the value of an investment, as it emphasised a higher copper price.

Read more
15 Jun 2023 19:56

IN BRIEF: Bezant agrees extension to loan facility repayment date

Bezant Resources PLC - copper and gold explorer and developer - Agrees to extend the repayment date for the GBP700,000 drawn down under the unsecured convertible loan funding facility entered into with Sanderson Capital on November 22 2021. This will now be repayable by December 23 2024 and convertible at the fixed price of 0.08 pence per share. Pays a loan extension fee via a GBP70,000 payment to be settled by issue of 87.5 million shares at the new conversion price and the issue of 437.5 million warrants over shares exercisable at 0.12 pence per share.

Read more
15 Jun 2023 11:22

Bezant extends repayment on Sanderson Capital facility

(Sharecast News) - Copper-gold explorer and developer Bezant Resources announced an agreement with long-term shareholder Sanderson Capital Partners to extend the repayment date on a £0.7m unsecured convertible loan funding facility.

Read more
12 Apr 2023 16:54

LONDON MARKET CLOSE: Stocks in the green as US inflation rate cools

(Alliance News) - Stocks in London closed higher on Wednesday as the US inflation rate continued to cool, providing investors with some hope that the cycle of rate hikes may soon be at an end.

Read more
12 Apr 2023 11:55

Bezant Resources launches fundraise for Namibia, Botswana operations

(Alliance News) - Bezant Resources PLC on Wednesday said it launched a fundraise to facilitate its mining operations in Namibia and Botswana.

Read more
12 Apr 2023 10:37

AIM WINNERS & LOSERS: System1 rises after upturn in second half

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
27 Mar 2023 14:38

TRADING UPDATES: Bradda Head drilling locates high grade lithium

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday not separately reported by Alliance News:

Read more
9 Feb 2023 16:58

IN BRIEF: Bezant Resources pleased with maiden drill at Kanye project

Bezant Resources PLC - copper-gold and manganese project developer focused on Namibia, Botswana, the Philippines, Argentina, and Zambia - Provides an update on the maiden drill programme at its wholly-owned Kanye manganese exploration project in Botswana, as well as the Hope & Gorob project in Namibia.

Read more
27 Oct 2022 21:41

CORRECT: Nanoco files suit; Harland & Wolff activates facility

(Correcting name of Bluejay Mining director who resigned.)

Read more
26 Oct 2022 21:14

TRADING UPDATES: Nanoco files suit; Harland & Wolff activates facility

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
18 Oct 2022 21:45

TRADING UPDATES: Revolution Bars swings to profit; Mind Gym sees loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
5 Oct 2022 21:55

EARNINGS SUMMARY: Eden Research, Fox Marble revenue up; LoopUp down

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
4 Oct 2022 19:54

IN BRIEF: Bezant in talks with joint venture partner over expenditure

Bezant Resources PLC - copper-gold project developer - On Monday, notes an announcement by Caerus Mineral Resources regarding a joint venture agreement between itself and Bezant regarding expenditure of up to USD500,000 every 45 days prior to the start of an agreed work programme. Says Caerus has requested GBP227,549 from the company, and Bezant has provided the payment. Bezant says it has been in "recent communication" with Caerus regarding an outstanding amount and an update on the prospects of the joint venture. Neither Bezant nor Caerus have sought to commence any dispute resolution procedures, it adds.

Read more
14 Sep 2022 14:46

Bezant Resources reports high manganese concentration at Kanye project

(Alliance News) - Bezant Resources PLC on Wednesday reported "very high values" of manganese at its Kanye manganese project in Botswana.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.