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Pin to quick picksBezant Res Share News (BZT)

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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."

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9 Aug 2022 14:44

Bezant applies for mining licence after solid drilling at Hope and Gorob

(Sharecast News) - Copper-gold explorer and developer Bezant updated the market on the Hope and Gorob near-surface drill programme targeting copper-gold mineralisation on Tuesday, while also confirming it had applied for both a mining licence and an exploration licence renewal.

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9 Aug 2022 11:42

Bezant Resources shares up on Hope & Gorob project licence application

(Alliance News) - Shares rose in Bezant Resources PLC on Tuesday as the company submitted its mining licence application alongside an exploration licence renewal application for the Hope and Gorob project in Namibia.

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30 Jun 2022 20:21

TRADING UPDATES: Riverstone launches buyback; Anglo Asian Mining loans

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14 Jun 2022 15:50

IN BRIEF: Bezant Resources sees "pleasing" results at Gorob prospect

Bezant Resources PLC - copper-gold project developer - Reports that drill assay results for eight diamond drillholes testing near-surface copper mineralisation at the Gorob Prospect in Namibia have returned "significant" intercepts.

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8 Jun 2022 12:39

IN BRIEF: Bezant and Caerus post upbeat drilling results in Cyprus

Bezant Resources PLC - copper and gold project developer focused on Namibia, Cyprus and Zambia - and Caerus Mineral Resources PLC - copper miner in Cyprus - Post drilling update for a project of their joint venture mine near Troulli, Cyprus. Assay results show up to 3.3 grammes of gold per tonne in 1 of 11 holes. Three holes show gold over 1.0 gram per tonne, both firms say. Hole AN22DD006, which shows the most proven gold per tonne, also yields the most copper per tonne at 2.36 grammes per tonne. Seven holes show more than 1.0 grammes of copper per tonne.

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8 Jun 2022 12:26

Bezant rises on results from Anglisides drilling

(Sharecast News) - Bezant Resources updated the market on drill results from the Anglisides Licence on Wednesday - a satellite project of its Troulli copper-gold joint venture with Caerus Mineral Resources in Cyprus.

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3 May 2022 13:45

IN BRIEF: Caerus and Bezant joint venture assays confirm extension

Bezant Resources PLC - copper and gold project developer focused on Namibia, Cyprus and Zambia - And Caerus Mineral Resources PLC - copper mining company focused on Cyprus - Publish drilling results of their joint venture Troulli Mine Development Project in Cyprus. The companies confirm that there is an extension of mineralisation to the northwest of the current deposit. They plan to follow-up drill the extension. The plans are based on a hole of the joint venture returning 1.83% copper equivalent per 21.25 metres.

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27 Apr 2022 16:18

IN BRIEF: Caerus and Bezant Resources note positive potential of JV

Bezant Resources PLC - copper and gold project developer focused on Namibia, Cyprus and Zambia - And Caerus Mineral Resources PLC - copper mining company focused on Cyprus - Complete 10 diamond drill holes as part of the Anglisides programme at the Troulli mine development joint-venture project in Cyprus. Holes show visible native copper and sulphide mineralisation at shallow depths, companies explain. A further 40 holes commissioned, totalling 2,700 metres of drilling.

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6 Apr 2022 16:03

IN BRIEF: Bezant and Caerus Mineral note maiden results at Troulli

Bezant Resources PLC - copper-gold project developer - Reports initial mineral resource estimate for the Troulli copper-gold project, a joint venture with fellow developer Caerus Mineral Resources PLC. Says a selected cut-off grade of 0.5% copper, a hard rock resource estimate of approximately 2.7 million tonnes at a copper equivalent grade of 0.74% copper equivalent - 0.51% copper and 0.26 grams per tonne of gold - has been established. Both companies look to the further expansion of the Troulli deposit moving forward.

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6 Apr 2022 11:58

Bezant reports positive resource estimate from Troulli JV

(Sharecast News) - Bezant Resources updated the market on its Troulli Mine copper-gold joint venture with Caerus Mineral Resources on Wednesday, announcing the results of an initial mineral resource estimate on the Cyprus project.

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18 Mar 2022 11:44

Bezant upbeat on approval renewal over Mankayan Project

(Sharecast News) - Copper-gold explorer and developer Bezant said on Friday that the Philippines Mines and Geosciences Bureau has renewed Crescent Mining Development Corporation's mineral production sharing agreement for a second 25-year term, with effect from 12 November 2021.

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18 Mar 2022 10:22

Bezant shares up as Mankayan receives extension in Philipines

(Alliance News) - Bezant Resources PLC shares climbed on Friday, after it said long-awaited approvals from the Philippines government had been received for the Mankayan project.

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