RE: RNS - Investment in BZT8 Feb 2018 16:04
Well fancy that, looks promising.
Tiger Resource Finance Plc ("The "Company") is pleased to report that it has made an initial investment in Bezant Resources Plc ("Bezant") of �83,333.33 in a placing arranged by Peterhouse Corporate Finance on behalf of Bezant and which was announced by Bezant as set out in Appendix One below . The new Ordinary shares are entitled to one warrant for every 2 new shares issued under the placing at a strike price of 1 pence per warrant valid for a period of 30 months post the completion of the placing. The Directors have also participated in the Bezant placing in accordance with the Company's pro-active co-investment policy previously approved by shareholders.
It is intended that this initial investment will be followed by a further investment by Tiger of �166,666.67 subject to Bezant shareholder approval, on the same terms as the initial investment and it is also intended that the Directors of the Company will participate in the follow-up placing in the same proportion as the initial investment.