Bezant Resources PLC Update re disposal of 80% of Mankayan Project (3117T)
13 Noviembre 2019 - 7:40AM
UK Regulatory
TIDMBZT
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 Tel: +44 (0)20 3289
Chief Executive Officer 9923
Colin Bird
Executive Chairman
Strand Hanson Limited (Nomad)
James Harris / Matthew Chandler / James Tel: +44 (0)20 7409
Bellman 3494
Novum Securities Limited (Broker)
Jon Belliss Tel: +44 (0)20 7399
9400
or visit http://www.bezantresources.com
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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