ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

BZT.GB Bezant Resources Plc

0.028
0.00 (0.00%)
27 Nov 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Bezant Resources Plc AQSE:BZT.GB Aquis Stock Exchange Ordinary Share GB00B1CKQD97
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.028 0.025 0.031 0.028 0.028 0.028 0.00 07:07:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bezant Resources PLC Placing, Issue of Shares, PDMR Shareholdings &TVR (4834V)

04/12/2023 7:00am

UK Regulatory


Bezant Resources (AQSE:BZT.GB)
Historical Stock Chart


From Nov 2023 to Nov 2024

Click Here for more Bezant Resources Charts.

TIDMBZT

RNS Number : 4834V

Bezant Resources PLC

04 December 2023

4 December 2023

Bezant Resources Plc

("Bezant" or the "Company")

GBP800 K Fundraise to advance metallurgical and technical work in anticipation of the grant of the mining licence

Issue of equity to Directors and consultants in lieu of fees

Total Voting Rights

Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce a fundraising of GBP800,000 from directors, existing shareholders, and investors to facilitate both its Namibian Hope & Gorob copper gold mining operation and other projects in the Company portfolio. Bezant has achieved significant progress with the development of the Hope & Gorob Project as it advances towards development of a mining operation upon the grant of a mining licence.

In addition, as detailed below and pursuant to authority granted at the Company's Annual General Meeting, the Company will be issuing new Ordinary Shares to Director and PDMRs and consultants to settle accrued fees due to them.

Fundraising:

The Company has raised GBP800,000 before expenses (the "Fundraising") at 0.025 pence per Ordinary Share (the "Fundraising Price") for the issue of 3,200,000,000 new Ordinary Shares (the "Fundraising Shares") conditional upon admission of the Fundraising Shares to trading on AIM ("Admission"). The Fundraising comprises a placing of 3,032,000,00 new Ordinary Shares (the "Placing Shares") for GBP758,000 at the Fundraising Price (the "Placing"), via Shard Capital Partners LLP and Novum Securities Ltd, and share subscriptions for 168,000,000 new Ordinary Shares at the Fundraising Price to raise GBP42,000 (the "Subscription Shares"). The Fundraising includes GBP15,000 subscribed for by Colin Bird, Bezant's Executive Chairman for 60,000,000 Subscription Shares and GBP12,000 by Raju Samtani, Bezant's Finance Director for 48,000,000 Subscription Shares together representing 3.38% per cent. of the total Fundraising amount.

Use of Proceeds: The net proceeds from the Fundraising are planned to be used in relation to the following project activities:

i) on the Hope Copper-Gold project in Namibia whilst we await the issue of a mining licence

a) technical and other studies targeting an 8,000 tonnes p.a. open pit and underground copper / gold mining operation in 2024;

   b)   concluding arrangements for non-equity financing for the mining operation; 

c) further engineering design and costing of the proposed processing flow sheet and associated plant;

d) additional metallurgical studies aimed specifically at optimizing both ore sorting and flotation of a high-grade Cu - Au pre-concentrate and the pairing of primary and secondary crushing with dry ore sorting equipment;

   e)   geotechnical drilling for both open pit and underground detailed design; 

f) negotiations with preferred providers of processing plant equipment and a renewable power supply and mining and haulage contracts and;

   g)   planning drilling to target an increase in the existing 15.2Mt Mineral Resource 

ii) on the Kanye manganese project in Botswana a focus on a preliminary in-house Mineral Resource estimation and to plan for follow-up drilling;

iii) on the Mankayan Copper-Gold project in the Philippines to support the Company's 24.2% interest in the project;

iv) on the Eureka project in Argentina to maintain licence holding costs and to continue dialogue with third parties interested in acquiring or earning into the project

and also on corporate overheads and to provide working capital for the Group.

Colin Bird, Executive Chairman of Bezant, commented :

"The focus for the use of the Fundraising proceeds whilst we wait for the granting of a mining licence will be at the Hope & Gorob Project. We are encouraged by the outcome of detailed test work to the extent that we are now able to move towards advanced design of the processing plant and supporting infrastructure. Geotechnical studies for both open pit and underground development together with optimisation of the processing flow sheet and detailed engineering costing will be undertaken to ensure we are able to proceed to mine development and production in the shortest possible timeframe. Further reconnaissance will be undertaken on the exploration licences at Hope & Gorob aimed at demonstrating the opportunity to continue to increase the Mineral Resource. Other projects within the Company's portfolio will also receive attention to ensure continued progress on all fronts. The granting of the Hope & Gorob mining licence and conclusion of non-equity financing for the Project is expected to trigger the rapid development of the mine. We look forward to updating shareholders on all of these activities."

Hope & Gorob Project Development:

Ore sorting test work has been completed using a test plant located at Uis, Namibia. The ore sorting specialist, has completed test work concluding that " there is a very high probability that ore sorting can successfully be employed as a pre-concentration step on the coarse Run of Mine fractions (>10mm)".

Magnetic separation test work on <10mm fines generated during ore sorting has also been independently assessed. The material was found to be amenable to magnetic separation and, depending on magroll settings a Cu upgrade ratio of between 1.5-2.0 times could be achieved in the non-magnetic fraction. Product Cu grades ranged between 3.6-5.2% at Cu recoveries of up to 75-80%. This indicated that a high-grade fines fraction can be produced for initial processing with a low-grade rejects stream stockpiled for potential future processing.

Characterisation flotation test work has also been carried out which concluded, using a two-stage flotation circuit (Rougher - Cleaner) an upgrade ratio of 6 times can be achieved producing a final concentrate of 28 - 30% Cu (+ Au). No elevated levels of deleterious elements could be detected in the final concentrate product.

Renewable power supply options are being considered ahead of selection of a contractor for the implementation of an IPP contract to supply power to the Hope & Gorob mine site and supporting infrastructure.

Community development initiatives have been advanced with highly positive discussions with the Topnaar community, the nearest residents to the Hope & Gorob Project, located approximately 40km from the mine site. Facilitated by the Office of the Regional Governor, Bezant has received positive feedback from the Community and the Company has instructed its external Namibian environmental consultant to discuss proposed community-based projects in more detail.

Engineering design & costing work has enabled the Company to move from a conceptual design to a generally agreed flow sheet and development strategy for the operation.

Negotiations are continuing with specific reference to acquisition of existing infrastructure expected to significnatly reduce upfront capital expenditure and reduce lead time to production by a minimum of 18 months.

Further Details on the Fundraising:

Pursuant to the Fundraising , in aggregate, 3,200,000,000 Fundraising Shares will be issued at the Fundraising Price to certain Directors, existing shareholders and new investors conditional upon Admission. The Fundraising Price represents a discount of 29 per cent. to the closing middle market price of an Ordinary Share of 0.035 pence on 1 December 2023, being the latest practicable date prior to this announcement. Each participant in the Fundraising will also receive one (1) warrant exercisable at 0.06 pence per ordinary share for three years from Admission for each Fundraising Share issued. The Company is also issuing a warrant to its brokers to subscribe for a total of 151,600,000 new Ordinary Shares exercisable at the Fundraising Price for a period of three years from Admission ("Broker Warrants").

The Fundraising Shares represent, in aggregate, approximately 28.1 per cent. of the Company's enlarged issued share capital as enlarged by the issue of the New Shares. The Fundraising Shares will be fully paid and rank pari passu in all respects with the Company's existing Ordinary Shares.

Director & other PDMR Conversion Shares :

In accordance with the authority granted at its Annual General Meeting on 28 July 2023, the Company agreed to settle GBP64,222 of outstanding remuneration due to its directors, and PDMRs (the "Outstanding Fees") at the Fundraising Price ("Director's Conversion Price") by the issue of 256,889,280 new ordinary shares (the "Conversion Shares") (the "Fee Conversion").

As shown in the table below GBP44,222 of the Outstanding Fees is owed to directors of the Company (or their service companies) and GBP20,000 is owed to Quantum Capital & Consulting Limited, a personal service company of Michael Allardice and M Churchouse Consultancy Limited a personal service company of Martyn Churchouse who are persons discharging managerial responsibilities on behalf of the Company.

 
 Person                  Period           Accrued   Fee Conversion 
                                       Fees (GBP)           Shares 
                      July - Nov 
 Colin Bird            23                  25,000      100,000,000 
                      July - Nov 
 Raju Samtani          23                   8,500       34,000,000 
                      August - Nov 
 Ed Slowey             23                   6,000       24,000,000 
                      August - Nov 
 Dr. Evan Kirby        23                   4,722       18,889,280 
                                     ------------  --------------- 
 Directors Total                           44,222      176,889,280 
                      July - Nov 
 Michael Allardice     23                  15,000       60,000,000 
                      July - Nov 
 Martyn Churchouse     23                   5,000       20,000,000 
 PDMR Total                                20,000       80,000,000 
                                     ============  =============== 
 Total Directors 
  and PDMR                                 64,222      256,889,280 
 

Consultant Shares

Consultant Shares will comprise 242,000,000 new Ordinary Shares that will be issued to settle GBP60,500 of fees due to consultants to be issued at the Fundraising Price.

Related Party Transaction - Fundraising

As Colin Bird and Raju Samtani are directors of the Company their participation in the Fundraising is being treated as a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the independent directors, being Ronnie Siapno, Dr. Evan Kirby and Ed Slowey, having consulted with the Company's Nominated Adviser, Beaumont Cornish Limited, consider Colin Bird and Raju Samtani's participation in the Fundraising to be fair and reasonable insofar as the Company's shareholders are concerned.

Related Party Transaction - Conversion Shares

As Messrs. Bird, Samtani, and Slowey and Dr. Kirby are directors of the Company and Mr Allardice is a director of a subsidiary undertaking the issue of Fee Conversion Shares to them is being treated as a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the independent director, being Mr. Ronnie Siapno, having consulted with the Company's Nominated Adviser, Beaumont Cornish Limited, consider the issue of Conversion Shares to Messrs. Bird, Samtani, and Slowey, Dr. Kirby and Mr Allardice to be fair and reasonable insofar as the Company's shareholders are concerned.

Director's update shareholdings:

The table below shows the current shareholdings of Directors and their associates and their shareholdings after the issue of the Fundraising Shares, Conversion Shares and Consultant Shares

 
                                                            Shareholdings 
                                     ---------------------------------------------------------- 
 Director         Position                  Current   Fundraising    Conversion         Updated        % of 
                                       No of shares        Shares        Shares    shareholding    Enlarged 
                                                                                                      Share 
                                                                                                    Capital 
---------------  ------------------  --------------  ------------  ------------  --------------  ---------- 
 Colin Bird       Chairman              328,125,655    60,000,000   100,000,000     488,125,655       4.29% 
 Raju Samtani     Finance Director       82,611,111    48,000,000    34,000,000     164,611,111       1.45% 
                  Technical 
 Ed Slowey         Director              24,000,000                  24,000,000      48,000,000       0.42% 
 Dr. Evan 
  Kirby           Non Executive          26,368,654                  18,889,280      45,257,934       0.40% 
 Ronnie Siapno    Non Executive           1,333,334                                   1,333,334       0.01% 
 

Application to trading on AIM :

The Fundraising is conditional on Admission. Application will be made to the London Stock Exchange for the 3,200,000,000 Fundraising Shares, 256,889,280 Conversion Shares and 242,000,000 Consultant Shares (the "New Shares") to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on 18 December 2023.

Total Voting Rights after Fundraising : Following the issue of the New Shares the Company's total issued share capital will consist of 11,380,918,869 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.

On Admission, the abovementioned figure of 11,380,918,869 Ordinary Shares may be used by shareholders in the Company 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, Bezant under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

 
Bezant Resources Plc 
 Colin Bird 
 Executive Chairman                           +27 726 118 724 
Beaumont Cornish (Nominated Adviser) 
 Roland Cornish/Asia Szusciak                +44 (0) 20 7628 3396 
Novum Securities Limited (Joint Broker) 
 Jon Belliss                                +44 (0) 20 7399 9400 
Shard Capital Partners LLP (Joint Broker) 
 Damon Heath                                +44 (0) 20 7186 9952 
 
 

or visit http://www.bezantresources.com

Qualified Person:

The technical information contained in this announcement has been reviewed, verified, and approved by Colin Bird, CC.ENG, FIMMM, South African and UK Certified Mine Manager and Director of Bezant Resources plc, with more than 40 years' experience mainly in hard rock mining.

Disclaimer

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the FCA, is acting as Nominated Adviser ("Nomad") to the Company in connection with the matters contained in this announcement, and will not be acting for any other person or otherwise be responsible to any person for providing the protections afforded to clients of Beaumont Cornish or for advising any other person in respect of the matters set out in this announcement or any transaction, matter or arrangement referred to in this announcement. Beaumont Cornish's responsibilities as the Company's Nomad are owed solely to London Stock Exchange and are not owed to the Company or to any Director or to any other person in respect of his or her decision to acquire any shares in the Company. Furthermore, Beaumont Cornish has not approved or authorised the release of this announcement in whole or in part, directly or indirectly into The United States, Canada, Australia, Japan or The Republic of South Africa or any other jurisdiction in which such release, publication or distribution would be unlawful.

 
 
  The information contained within this announcement is deemed by 
  the Company to constitute inside information as stipulated under 
  the Market Abuse Regulations (EU) No. 596/2014 as it forms part 
  of UK Domestic Law by virtue of the European Union (Withdrawal) 
  Act 2018 ("UK MAR"). 
 
  PDMR Notification Forms : 
  The notifications below are made in accordance with the requirements 
  of MAR. 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Colin Bird 
     --------------------------------  --------------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status                   Executive Chairman & Director 
     --------------------------------  --------------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                              Bezant Resources PLC 
     --------------------------------  --------------------------------------------- 
 b)   LEI                               2138008K9GRXDUVYVK15 
     --------------------------------  --------------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ------------------------------------------------------------------------------- 
 a)   Description of the Financial      ordinary shares of 0.002 pence each 
       instrument, type of instrument 
     --------------------------------  --------------------------------------------- 
      Identification code               ISIN: GB00B1CKQD97 
                                         TIDM: AIM:BZT 
     --------------------------------  --------------------------------------------- 
 b)   Nature of the Transaction         Issue of subscription shares for GBP15,000 
                                         Issue of conversion shares to settle 
                                         accrued fees of GBP25,000 
     --------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)                              Fundraising   Conversion 
                                                            Shares        Shares 
                                          No. of Shares    60,000,000    100,000,000 
                                                          ------------  ------------ 
                                          Price            0.025 pence   0.025 pence 
                                                          ------------  ------------ 
     --------------------------------  --------------------------------------------- 
 d)   Aggregated information            Issue of 160,000,000 shares 
       Aggregated volume 
     --------------------------------  --------------------------------------------- 
 e)   Date of the transaction           4 December 2023 
     --------------------------------  --------------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Raju Samtani 
     --------------------------------  --------------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status                   Finance Director 
     --------------------------------  --------------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                              Bezant Resources PLC 
     --------------------------------  --------------------------------------------- 
 b)   LEI                               2138008K9GRXDUVYVK15 
     --------------------------------  --------------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ------------------------------------------------------------------------------- 
 a)   Description of the Financial      ordinary shares of 0.002 pence each 
       instrument, type of instrument 
     --------------------------------  --------------------------------------------- 
      Identification code               ISIN: GB00B1CKQD97 
                                         TIDM: AIM:BZT 
     --------------------------------  --------------------------------------------- 
 b)   Nature of the Transaction         Issue of subscription shares for GBP12,000 
                                         Issue of conversion shares to settle 
                                         accrued fees of GBP8,500 
     --------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)                              Fundraising   Conversion 
                                                            Shares        Shares 
                                          No. of Shares    48,000,000    34,000,000 
                                                          ------------  ------------ 
                                          Price            0.025 pence   0.025 pence 
                                                          ------------  ------------ 
     --------------------------------  --------------------------------------------- 
 d)   Aggregated information            Issue of 82,000,000 shares 
       Aggregated volume 
     --------------------------------  --------------------------------------------- 
 e)   Date of the transaction           4 December 2023 
     --------------------------------  --------------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Edward Slowey 
     --------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                   Technical Director 
     --------------------------------  ------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                              Bezant Resources PLC 
     --------------------------------  ------------------------------------- 
 b)   LEI                               2138008K9GRXDUVYVK15 
     --------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the Financial      ordinary shares of 0.002 pence each 
       instrument, type of instrument 
     --------------------------------  ------------------------------------- 
      Identification code               ISIN: GB00B1CKQD97 
                                         TIDM: AIM:BZT 
     --------------------------------  ------------------------------------- 
 b)   Nature of the Transaction         Issue of conversion shares to settle 
                                         accrued fees of GBP6,000 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                              Conversion 
                                                            Shares 
                                          No. of Shares    24,000,000 
                                                          ------------ 
                                          Price            0.025 pence 
                                                          ------------ 
     --------------------------------  ------------------------------------- 
 d)   Aggregated information            Issue of 24,000,000 shares 
       Aggregated volume 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           4 December 2023 
     --------------------------------  ------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Dr. Evan Kirby 
     --------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                   Non-Executive Director 
     --------------------------------  ------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                              Bezant Resources PLC 
     --------------------------------  ------------------------------------- 
 b)   LEI                               2138008K9GRXDUVYVK15 
     --------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the Financial      ordinary shares of 0.002 pence each 
       instrument, type of instrument 
     --------------------------------  ------------------------------------- 
      Identification code               ISIN: GB00B1CKQD97 
                                         TIDM: AIM:BZT 
     --------------------------------  ------------------------------------- 
 b)   Nature of the Transaction         Issue of conversion shares to settle 
                                         accrued fees of GBP4,722 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                              Conversion 
                                                            Shares 
                                          No. of Shares    18,889,280 
                                                          ------------ 
                                          Price            0.025 pence 
                                                          ------------ 
     --------------------------------  ------------------------------------- 
 d)   Aggregated information            Issue of 18,889,280 shares 
       Aggregated volume 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           4 December 2023 
     --------------------------------  ------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Michael Graham Allardice / Quantum 
                                         Capital and Consulting Limited 
     --------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                   Group Company Secretary / Consulting 
                                         company of Michael Graham Allardice 
     --------------------------------  ------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                              Bezant Resources PLC 
     --------------------------------  ------------------------------------- 
 b)   LEI                               2138008K9GRXDUVYVK15 
     --------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the Financial      ordinary shares of 0.002 pence each 
       instrument, type of instrument 
     --------------------------------  ------------------------------------- 
      Identification code               ISIN: GB00B1CKQD97 
                                         TIDM: AIM:BZT 
     --------------------------------  ------------------------------------- 
 b)   Nature of the Transaction         Issue of conversion shares to settle 
                                         accrued fees of GBP15,000 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                              Conversion 
                                                            Shares 
                                          No. of Shares    60,000,000 
                                                          ------------ 
                                          Price            0.025 pence 
                                                          ------------ 
     --------------------------------  ------------------------------------- 
 d)   Aggregated information            Issue of 60,000,000 shares 
       Aggregated volume 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           4 December 2023 
     --------------------------------  ------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Martyn Churchouse / M Churchouse Consultancy 
                                         Limited 
     --------------------------------  --------------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status                   Technical Consultant / Consulting 
                                         company of Martyn Churchouse 
     --------------------------------  --------------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                              Bezant Resources PLC 
     --------------------------------  --------------------------------------------- 
 b)   LEI                               2138008K9GRXDUVYVK15 
     --------------------------------  --------------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ------------------------------------------------------------------------------- 
 a)   Description of the Financial      ordinary shares of 0.002 pence each 
       instrument, type of instrument 
     --------------------------------  --------------------------------------------- 
      Identification code               ISIN: GB00B1CKQD97 
                                         TIDM: AIM:BZT 
     --------------------------------  --------------------------------------------- 
 b)   Nature of the Transaction         Issue of conversion shares to settle 
                                         accrued fees of GBP5,000 
     --------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)                              Conversion 
                                                            Shares 
                                          No. of Shares    20,000,000 
                                                          ------------ 
                                          Price            0.025 pence 
                                                          ------------ 
     --------------------------------  --------------------------------------------- 
 d)   Aggregated information            Issue of 20,000,000 shares 
       Aggregated volume 
     --------------------------------  --------------------------------------------- 
 e)   Date of the transaction           4 December 2023 
     --------------------------------  --------------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEEAPADEDEDFFA

(END) Dow Jones Newswires

December 04, 2023 02:00 ET (07:00 GMT)

1 Year Bezant Resources Chart

1 Year Bezant Resources Chart

1 Month Bezant Resources Chart

1 Month Bezant Resources Chart

Your Recent History

Delayed Upgrade Clock