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Bezant Resources PLC (BZT)

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Wednesday 13 November, 2019

Bezant Resources PLC

Update re disposal of 80% of Mankayan Project

RNS Number : 3117T
Bezant Resources PLC
13 November 2019
 

13 November 2019

Bezant Resources Plc

("Bezant" or the "Company")

Satisfaction of all Conditions Precedent re Disposal of 80% of the Company's interest in the Mankayan Copper-Gold project, Philippines, to MMIH (Singapore)

 

Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce, further to its announcement of 30 October 2019, that all of the Conditions Precedent have been satisfied in relation to the disposal of 80% of the Company's interest in the Mankayan Copper-Gold project, Philippines, to Mining and Minerals Industries Holding Pte. Ltd. (the "Transaction"). Accordingly, the requisite legal documentation is now being finalised to enable the issue of shares in Asean Copper Investments Limited to MMJV pursuant to the terms the Transaction Agreement, and a further announcement will be released in due course to confirm completion of the Transaction.

 

Full details of the Transaction are set out in the Company's announcement of 7 October 2019 and circular dated 11 October 2019, as sent to shareholders and made available on the Company's website. 

 

Unless otherwise defined herein, capitalised terms used in this announcement shall have the meanings given to them in the circular dated11 October 2019.  

 

For further information, please contact:

Bezant Resources plc

Laurence Read

Chief Executive Officer

 

Colin Bird

Executive Chairman

 

Strand Hanson Limited (Nomad)

James Harris / Matthew Chandler / James Bellman

 

Novum Securities Limited (Broker)

Jon Belliss

 

or visit http://www.bezantresources.com

 

Tel: +44 (0)20 3289 9923

 

 

 

 

 

Tel: +44 (0)20 7409 3494

 

 

Tel: +44 (0)20 7399 9400 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

 


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