Bezant Resources PLC - Botswana-focused copper and gold explorer and developer - Raises GBP800,000 from issuing 3.20 billion new shares at 0.025 pence each. Fundraise includes placing of 3.03 billion shares for GBP758,000 and subscriptions for 168.0 million shares for GBP42,000 in total. Executive Chair Colin Bird subscribed for 60.0 million shares at GBP15,000 while Finance Director Raju Samtani subscribed for 48.0 million at GBP12,000, totalling 3.38% of the fundraising amount. Bezant will mainly use proceeds for work on the Hope & Gorob project in Namibia, but some funds will go towards the Kanye project in Botswana, Mankayan in the Philippines and Eureka in Argentina. Adds that it recently completed ore sorting test work at Hope & Gorob.
Current stock price: 0.025p, down 29% on Monday morning in London
12-month change: down 75%
By Emma Curzon, Alliance News reporter
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Bezant Res (BZT)