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Bezant Resources

  • BY: Andrew Hore |
  • POSTED: 12/02/2018 |

Bezant Resources has raised £600,000 at 0.45p a share. 

The second tranche of the share issue will be completed when Bezant obtains shareholder approval to increase the number of shares it can issue at a general meeting. Each share has a warrant attached to subscribe for a new share at 1p. The current share price is 0.46p.

AIM-quoted Tiger Resource Finance, its director Colin Bird and other associates have invested £400,000 for a 11.9% stake. Bird will become executive chairman of Bezant. Laurence Read replaced Bernard Olivier as chief executive in January.

Bezant is still seeking a farm-in partner for the Choco gold platinum project in Colombia. The final option payment of $200,000 was made at the beginning of 2018. The cash raised will provide time to assess partnerships and financial backers. There will also be a reassessment of geological data for the Mankayan copper gold project in the Philippines and the near-surface copper prospect in Argentina. 

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