Exercise of Warrants and TVR
Summary by AI BETAClose X
23 January 2026
Bezant Resources Plc
("Bezant" or the "Company")
Exercise of Warrants, Total Voting Rights
Bezant (AIM: BZT), the copper-gold exploration and development company, announces the Issue of a total of 285,500,000 new ordinary shares upon exercise of warrants. Pursuant to the exercise of warrants at:
i) a price of 0.06p per share in terms of the fundraising announced on 4 December 2023 the Company is issuing a total of 275,500,000 fully paid ordinary shares of 0.002p each in the Company ("Ordinary Shares"); and
ii) a price of 0.04p per share in terms of the fundraising announced on 24 December 2024 the Company is issuing a total of 10,000,000 fully paid Ordinary Shares(together the "Warrant Exercise Shares").
The Warrant Exercise Shares when issued will rank pari passu with the existing ordinary shares in the Company.
Application to trading on AIM: Application will be made to the London Stock Exchange for the Warrant Exercise Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings in the Warrant Exercise Shares will commence at 8.00 a.m. on or around 29 January 2026 (the "Admission").
Issued Share Capital: Following the issue of the Warrant Exercise Shares the Company's total issued share capital will consist of 18,142,154,126 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.
Total Voting Rights: On Admission, the above mentioned figure of 18,142,154,126 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:
|
Bezant Resources Plc Colin Bird Executive Chairman
|
+44 (0) 20 3416 3695 |
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Beaumont Cornish Limited (Nominated Adviser)
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+44 (0) 20 7628 3396 |
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AlbR Capital Limited (Joint Broker) Jon Belliss
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+44 (0) 20 7399 9425 |
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Shard Capital Partners LLP (Joint Broker) Damon Heath |
+44 (0) 20 7186 9952 |
or visit http://www.bezantresources.com
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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