Issue of Equity

RNS Number : 0681M

Bezant Resources PLC

18 May 2010

 



18 May 2010

Bezant Resources Plc

("Bezant" or the "Company")

Issue of Equity

Bezant (AIM: BZT), the AIM listed gold and copper exploration and development company operating in the Philippines and Tanzania, announces that the Company has allotted  500,000 new ordinary shares of 0.2 pence each (the "Ordinary Shares") in lieu of a £175,000 cash payment due to a consultant to the Company at a price of 35 pence per Ordinary Share.

The Ordinary Shares will rank pari passu in all respects with the Company's existing issued ordinary shares and application will be made to the London Stock Exchange for these new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective and dealings in the Ordinary Shares are expected to commence at 8.00 a.m. on Friday 21 May 2010. The Company's enlarged issued ordinary share capital will consist of 47,494,668 ordinary shares of 0.2 pence each with voting rights. Bezant does not hold any shares in treasury and accordingly there are no voting rights in respect of any treasury shares.

The aforementioned figure of 47,494,668 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 FSA's Disclosure and Transparency Rules.

For further information, please contact:

Gerry Nealon (Executive Chairman)

Bezant Resources Plc

Tel: [phone]

James Harris / Matthew Chandler / David Altberg

Strand Hanson Limited

Tel: [phone]

Laurence Read / Beth Harris

Threadneedle Communications (UK)

Email: [e-mail]

Tel: [phone]

Mob: [phone]

or visit www.bezantresources.com

 

END

 

 

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