Bezant Resources PLC - copper-gold exploration and development company - Says it has agreed to revise the payment terms of the USD250,000 due to the existing shareholders of KPZ International Ltd. Under the terms of the joint-venture agreement dated April 24, the company was meant to make two payments of USD125,000 each on or before August 1 and December 1. The parties have agreed that instead of making these two cash payments Bezant will instead issue new shares at a price of 0.25 pence each. This will result in the company issuing 76.9 million new shares to the shareholders of KPZ International.
Current stock price: 0.29 pence
Year-to-date change: up 53%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Bezant Res (BZT)