By Maryam Cockar
Date: Monday 19 Sep 2016
LONDON (ShareCast) - (ShareCast News) - Mineral explorer Bezant Resources raised £1.189m through a share placement and subscription on AIM to fund further development at its platinum and gold mines in the Choco region in Colombia
The miner raised £1.189m, before expenses, by a placement through Beaufort Securities, of 38.4m shares of 0.2p each, and a subscription for 21.05m shares of 0.2 each by new and existing investors. Both had a new share price of 2p, a 27.3% discount.
The placing and subscription are conditional on admission to trade on AIM on 30 September, which will represent about 30.29% of the company's enlarged issued share capital, or 196.2m ordinary shares, with none in treasury.
Hong Kong based Tomori Enterprises invested £250,000 for 12.5m subscription shares.
On admission to AIM, Tomori will have about 46.6m shares representing about 23.76% of the enlarged ordinary share capital.
Bezant's geologists and mining engineers are to work alongside Exumax, a mining specialist which has about six years' experience operating alluvial mining projects in Colombia and imported the first specialist mining equipment from New Zealand to be used specifically for near-surface production operation, to test the first alluvial gravels for free platinum and gold at the FKJ083 licence in Columbia.
The company also said that certain directors will receive a settlement of a proportion of their outstanding directors' fees and salaries from various time periods from 1 June to 19 September through the issue of new shares.
Shares in Bezant Resources were down 9.45% to 2.49% to 1519 BST.
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Currency | UK Pounds |
Share Price | 0.020p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 0.045 |
52 Week Low | 0.017 |
Volume | 1,173,935 |
Shares Issued | 11,381m |
Market Cap | £2.28m |
RiskGrade | 546 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
15:12 | 164,705 @ 0.017p |
11:03 | 9,230 @ 0.019p |
09:06 | 1,000,000 @ 0.017p |
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