Bezant Resources PLC - explorer and developer focused on a pipeline of copper and gold projects in Africa, South America and Southeast Asia - Confirms that it has agreed to extend the repayment date for GBP700,000 drawn down under an unsecured convertible loan funding facility with Sanderson Capital Partners Ltd, which it entered on November 22, 2021. The GBP700,000 drawdown is now repayable by July 31, 2025, and convertible at 0.06 pence per share. No further amounts can be drawn down under the facility.
Executive Chair Colin Bird says: "We are pleased that Sanderson have extended the convertible allowing the company to continue to advance its technical and financial activities for the company, particularly the Hope and Gorob project, pending the award of a mining licence."
Current stock price: 0.025 pence, up 2.0%
12-month change: down 64%
By Holly Beveridge, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
Bezant Res (BZT)