Business
Fundraising, Directors' Dealing and TVR
Bezant Resources Plc has successfully completed an oversubscribed £2,070,000 fundraise at 0.065 pence per Ordinary Share, with proceeds intended for the cash element of acquiring an additional 20% interest in the Hope and Gorob project, accelerating its development, and general working capital. The fundraising includes a £2,000,000 placing and £70,000 in share subscriptions, with Executive Chairman Colin Bird and Finance Director Raju Samtani investing £20,000 each. Additionally, £7,166 in consultant fees will be settled through the issuance of new Ordinary Shares. Participants in the fundraising will receive warrants, and the new shares represent approximately 14.6% of the enlarged share capital. Admission of the new shares to AIM is expected on 8 April 2026, bringing the total voting rights to 21,863,057,172. Disclaimer*
About this update from Bezant Resources Plc
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW COMMON SHARES OF BEZANT RESOURCES PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR") AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). MARKET SOUNDINGS, AS DEFINED IN MAR, WERE TAKEN IN RESPECT OF THE PLACING WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF THIS INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 31 March 2026 Bezant Resources Plc ("Bezant" or the "Company") £2,070,000 Fundraise, Directors' dealing and Total Voting Rights Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce an oversubscribed fundraise of £2,070,000 (gross) from directors, existing shareholders, and new investors at 0.065 pence per Ordinary Share ( The "Fundraising Price") to cover the cash element of the acquisition of the additional 20% interest in the Hope and Gorob project from 70% to 90% (as announced on 24 March 2026) and to continue to fast track the development of the Hope and Gorob project and for general working capital requirements. Fundraising: The Company has raised £2,070,000 before expenses (the "Fundraising") at the Fundraising Price for the issue of 3,184,615,386 new Ordinary Shares (the "Fundraising Shares") conditional upon admission of the Fundraising Shares to trading on AIM ("Admission"). The Fundraising comprises a placing of 3,076,923,077 new Ordinary Shares (the "Placing Shares") for £2,000,000 at the Fundraising Price (the "Placing"), via Shard Capital Partners LLP and share subscriptions for 10...
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