4 Dec 2012 07:00
4 December 2012
Bellzone Mining plc
("Bellzone" or the "Company")
Director and Major Shareholder's Dealing
Bellzone Mining plc (AIM:BZM) announces that the Company received notice on 3 December 2012 that, on the same day, Nik Zuks, a Director of the Company, sold (through his related entity Moreau Mining Pty. Ltd) and China Sonangol International Singapore Pte Ltd ("CSIS") purchased 50,000,000 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of 17 pence per Ordinary Share.
As a result of the above dealing, Mr Zuk's beneficial interest in the Company is reduced to 247,354,485 Ordinary Shares representing 33.9% and CSIS's interest is increased to 178,838,281 Ordinary Shares representing 24.5% of the Company's voting share capital.
The total number of Ordinary Shares in issue with voting rights is 741,324,485, of which 11,005,130 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 730,319,355.
The above 730,319,355 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in (or a change to their interest in) the Company under the FSA's Disclosure and Transparency Rules.
Glenn Baldwin, Chief Executive Officer said: "This transaction demonstrates China Sonangol's long term commitment to Bellzone."
Enquiries:
Bellzone Mining plc
Peta Baldwin, Corporate Affairs +44 (0) 1534 834 698
Canaccord Genuity Limited
Nominated Adviser and Broker to Bellzone +44 (0)20 7523 8000
Andrew Chubb/Tarica Mpinga
Tavistock (UK)
Jos Simson/Mike Bartlett +44 (0)20 7920 3150 / +44 (0)7899 870 450
About Bellzone Mining Plc
Bellzone Mining plc is an exploration and resource development company with iron ore and nickel/copper permits in the Republic of Guinea, West Africa. Kalia Mine Project is the Company's flagship project with a resource of 6.16Bt of magnetite. The Forécariah iron ore mine commenced production in May 2012 and is a joint venture between Bellzone (50%) and China International Fund Limited (50%).
www.bellzone.com