Bezant Resources PLC has announced a fundraising of £560,000 (about N$13 million) to support pre-development expenses for its Namibian Hope & Gorob copper-gold project and general working capital.
The fundraising involves a placement and share subscription at a price below the market rate, with directors participating as part of related party transactions. The issuance of new shares aims to conserve cash by settling fees owed to directors and consultants through equity, signaling a strategic move to strengthen financial stability and operational capability.
Bezant Resources PLC is a company focused on the exploration and development of copper-gold projects. It operates primarily in the mining sector, with significant attention on its Hope and Gorob project in Namibia.