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Bezant Resources PLC (BZT)

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Monday 26 October, 2020

Bezant Resources PLC

Directorate Change

RNS Number : 1270D
Bezant Resources PLC
26 October 2020
 

26 October 2020

Bezant Resources Plc

("Bezant" or the "Company") 

Board Appointments

 

The Directors of Bezant (AIM: BZT), the copper-gold exploration and development company, are pleased to announce the appointment to the Board of Raju Samtani as a Finance Director and Edward (Ed) Slowey as a Technical Director of the Company, with immediate effect.

 

Raju Samtani, Associate Chartered Management Accountant, serves currently as Finance Director of the AIM-listed Tiger Royalties and Investments Plc. His previous experience includes his position as a Finance Director of Kiwara Plc which was acquired by First Quantum Minerals Ltd in January 2010 and prior to that he spent three years as Group Financial Controller at marketing services agency - WTS Group Limited, where he was appointed by the Virgin Group to oversee their investment in the WTS Group Ltd.

 

Ed Slowey holds a BSc degree in Geology from the National University of Ireland and is a founder member of The Institute of Geology of Ireland. Ed has more than 40 years' experience in mineral exploration, mining and project management including working as a mine geologist at Europe's largest zinc mine in Navan, Ireland and was exploration manager for Rio Tinto in Ireland for more than a decade, which led to the discovery of the Cavanacaw gold deposit.  Ed is an experienced exploration geologist, having worked in Africa, Europe, America and the FSU and his experience includes joint venture negotiation, exploration programme planning and management through to feasibility study implementation for a variety of commodities. As a professional consultant, Ed's work has included completion of CPR's and 43-101 technical reports for international stock exchange listings and fundraising, while also undertaking assignments for the World Bank and European Union bodies. Ed has also served as director of several private and public companies, including the role of CEO and Technical Director at AIM-listed Orogen Gold Plc which discovered the Mutsk gold deposit in Armenia.

 

Colin Bird, Executive Chairman of Bezant, commented :

"We have announced in the last six months significant additions in Zambia and Namibia to the Company's attractive portfolio of copper projects and more recently the commencement of exploration at the Hope Copper-Gold project in Namibia. Managing finance and geology are both areas of importance in the development of an exploration company with an expanding portfolio of projects. I am therefore very pleased to announce the appointments of Raju and Ed whose considerable experience in these two areas will be a valuable addition to the Company."

 

AIM Disclosures

 

Raju Samtani (age 51)

Raju has held the following directorships and/or partnerships in the past five years:

Current:

 

Past:

Tiger Royalties and Investments Plc

None

Tiger Resource Limited


Myning Ventures Ltd


African Pioneer Plc




Raju currently holds 48,611,111 ordinary shares in the Company, representing a holding of 1.59%.  He also holder warrants over 37,500,000 ordinary shares expiring 27June 2022, exercisable at 0.16 pence per share.

Edward (Ed) Patrick Slowey (age 69)

Ed has held the following directorships and/or partnerships in the past five years:

Current:

 

Past:

Silver Investments Limited

NunaMinerals A/S

Galileo Resources plc

Orogen Gold Plc (renamed Sosandar Plc)

St Vincent Minerals US Inc

Orogen Gold Limited

Camel Valley Holdings Inc

Orogen Gold (Armenia) Limited

Crocus-Serv Resources Pty Ltd

Medavinci Gold Limited (formerly BComp 400 Limited)

Virgo Business Solutios Pty Ltd

St Vincent Minerals Inc

 

Ed does not currently hold any shares, options or warrants in the Company.

There is no further information on either Raju Samtani or Ed Slowey required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

For further information, please contact:

 

Bezant Resources Plc
Colin Bird

Executive Chairman

 

+27 726 118 724

 

 

Beaumont Cornish (Nominated Adviser) 
Roland Cornish

 


+44 (0) 020 7628 3396

Novum Securities Limited (Broker)

Jon Belliss

 

+44 (0) 20 7399 9400

 

or visit  http://www.bezantresources.com  

 

 

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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