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Bezant Resources PLC (BZT.L)

BZT.L on London Stock Exchange

2.50GBp
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Bezant Resources PLC exercise of option to acquire Leeward Islands Exploration LLC
Wednesday, 27 Jan 2016 02:00am EST 

Bezant Resources PLC:Says the company has now acquired 100 percent of share capital of Leeward Islands Exploration LLC.Leeward holds options over, in aggregate, 2,750ha of near-surface, alluvial, platinum and gold mining and exploration licences located in Choco Department of Colombia.As announced on Nov. 16, 2015, pursuant to terms of option agreement, Bezant has paid $1,000,000 cash consideration to shareholders of Leeward (the vendors) from its existing cash resources.In addition, Bezant has issued 37,306,137 new ordinary shares of £0.002 each in capital of Bezant to the vendors, in settlement of $1,000,000 share element of consideration.  Full Article