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Result of General Meeting

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RNS Number : 6275R
Bezant Resources PLC
30 October 2019
 

30 October 2019

Bezant Resources Plc

("Bezant" or the "Company")

Result of General Meeting

 

Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce that the resolution proposed at its General Meeting held earlier today, as set out in the notice dated 11 October 2019, was duly approved by shareholders.

 

On 7 October 2019, the Company announced the proposed disposal of 80 per cent. of the Company's interest in the Mankayan copper-gold project in the Philippines to Mining and Minerals Industries Holding Pte. Ltd. ("MMIH"), a private company incorporated in Singapore.  Due to its size, the proposed disposal constitutes a fundamental change of business for the Company, and accordingly shareholder approval for the transaction was required in accordance with AIM Rule 15. The Company has now obtained the requisite shareholders' approval such that the principal remaining condition precedent is for MMIH to amend its existing RTO Transaction agreements with China Hongxing Sports Limited to reflect its transaction with Bezant as further detailed in the Company's circular of 11 October 2019.

 

A further announcement(s) will be made, as appropriate, in due course.

 

Unless otherwise defined herein, capitalised terms used in this announcement shall have the meanings given to them in the circular dated 11 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: +44 (0)20 3289 9923

 

 

 

 

 

Tel: +44 (0)20 7409 3494

 

 

Tel: +44 (0)20 7399 9400 

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 [email protected] or visit www.rns.com.
 
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Quick facts: Bezant Resources PLC

Price: 0.205

Market: AIM
Market Cap: £2.05 m
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Mining Capital's Alastair Ford on Bezant Resources' Mankayan copper project...

Mining Capital's Alastair Ford gives his take on the news this week that Bezant Resources PLC (LON:BZT)  has conditionally agreed to sell an 80% interest in the Mankayan copper project in the Philippines. It's being sold to Mining and Minerals Industries Holding Ltd which itself has...

on 11/10/19