31 May 2018
Bezant Resources Plc
("Bezant" or the "Company")
Equity Fundraising to raise £800,000 (gross)
Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce that it has raised, in aggregate, £800,000 before expenses through a subscription and placing of, in aggregate, 222,222,222 new ordinary shares of 0.2 pence each in the capital of the Company ("Ordinary Shares") at a price of 0.36 pence per share (the "Issue Price") (the "Fundraising").
The Fundraising comprises a placing of 208,333,333 new Ordinary Shares (the "Placing Shares"), via the Company's broker, Novum Securities Limited, and a subscription by Colin Bird, Bezant's Executive Chairman, who has invested £50,000 to subscribe for 13,888,889 new Ordinary Shares (the "Subscription Shares"), representing 6.25 per cent. of the total Fundraising amount. Accordingly, following completion of the Fundraising, Mr. Bird will be interested in 25,000,000 Ordinary Shares, representing approximately 2.5 per cent. of the Company's enlarged share capital.
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