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: [phone] Tel: [phone] Tel: [phone]

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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