Latest News

Bezant Resources extends longstop for Mankayan deal

0

Bezant Resources PLC (LON:BZT) said the longstop date for the listing of 80% of its Mankayan copper-gold project in the Philippines has been pushed back until 15 November.


The listing vehicle MMJV, which in turn is a subsidiary of Mining and Minerals Industries Holding, is being reversed into a Singapore-listed company called AsiaPhos.


Once the deal has been concluded AsiaPhos will issue GBP42mln-worth of shares with Bezant receiving stock valued at GBP5.6mln. It also holds the remaining 20% of Mankayan.


Bezant the extension was agreed as the parties are still negotiating the terms of the Definitive Agreements and remain keen to proceed with the proposed AsiaPhos Acquisition.

Ocado enters non-food retail and logistics sectors with new robot acquisitions

Previous article

Robot retreat: Walmart reverses automation of stores

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News