News blog

Bezant Resources

  • BY: Andrew Hore |
  • POSTED: 07/10/2019 |

Bezant Resources is selling an 80% stake in the Mankayan copper gold project in the Philippines. 

The share price rose by 0.07p to 0.2p after the deal was announced.

The deal involves a funding commitment by Mining and Minerals Industries Holdings (MMIH) of up to $2.25m (£1.82m) on exploration, where the work programme needs to be carried out by April 2020, followed by a further commitment of up to $5.5m (£3.23m) for a definitive feasibility study.

MMIH intends to reverse certain Philippines assets into Singapore Stock Exchange listed China Hongxing Sports and Bezant will also receive $10m (£5.87m) of shares in that company as part of the deal.

Bezant retains a 20% stake in Asean Copper which owns the project.

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 20 January 2020

Continue reading... | 19/01/2020

Northern Bear

Building services provider Northern Bear has acquired electrical contractor J Lister for an initial £950,000 in cash and shares. 

Continue reading... | 19/01/2020

SimiGon Ltd

A shareholder has filed two legal claims against simulation technology company SimiGon Ltd. 

Continue reading... | 19/01/2020

UniVision Engineering Ltd

UniVison Engineering Ltd has signed a framework agreement with the China Railway Engineering (Hong Kong) and China Railway Wuhan Electrification Engineering joint venture. 

Continue reading... | 19/01/2020

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds