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RNS Number : 7408O Bezant Resources PLC 27 June 2025
27 June 2025
Bezant Resources Plc
("Bezant" or the "Company")
Blackstone Minerals Corporate update
Mankayan Project
Bezant (AIM: BZT), the copper-gold exploration and development company,
announced on 6 February 2025 that ASX listed Blackstone Minerals Ltd
("Blackstone") had announced a proposed merger (the "Proposed IDM Merger") via
a scheme of arrangement ("Scheme") with IDM International Limited ("IDM")
through which the Company holds its interest in the Mankayan Copper Gold
project in the Philippines ("Mankayan Project"). Blackstone have on 27 June
2025 released two announcements i) a confirmation of the completion of its
merger with IDM and ii) a corporate update on board and management changes
that will follow completion of its merger with IDM (the "IDM Merger").
Blackstone has also today applied for the quotation of the Blackstone Shares
which are to be issued to IDM Shareholders under the terms of the IDM Merger.
A copy of Blackstone's announcements of
27 June 2025 titled "Completion of Merger with IDM" is at
https://announcements.asx.com.au/asxpdf/20250627/pdf/06l5p9q51zfq88.pdf
(https://announcements.asx.com.au/asxpdf/20250627/pdf/06l5p9q51zfq88.pdf)
and
27 June 2025 titled "Blackstone Minerals Corporate Update " is at
https://announcements.asx.com.au/asxpdf/20250627/pdf/06l5bh1ctzpmpf.pdf
(https://announcements.asx.com.au/asxpdf/20250627/pdf/06l5bh1ctzpmpf.pdf)
Under the terms of the IDM Merger IDM shareholders received 7.4 Blackstone
shares for every 1 (one) IDM share they hold with fractional entitlements
rounded down.
Bezant has been issued 139,365,650 Blackstone shares and 2,543,750 options to
acquire Blackstone shares at AUD0.06 expiring on 1 November 2026 for its IDM
shares and IDM options. The Blackstone closing share price on 26 June 2025
according to the ASX website was AUD 8.8 cents (approximately 4.2 pence)
https://www.asx.com.au/markets/company/BSX
(https://www.asx.com.au/markets/company/BSX)
For further information, please contact:
Bezant Resources Plc
+44 (0) 20 3416 3695
Colin Bird Executive Chairman
Beaumont Cornish (Nominated Adviser) +44 (0) 20 7628 3396
Roland Cornish / Asia Szusciak
Novum Securities Limited (Joint Broker)
Jon Belliss +44 (0) 20 7399 9400
Shard Capital Partners LLP (Joint Broker)
Damon Heath +44 (0) 20 7186 9952
Beaumont Cornish (Nominated Adviser)
Roland Cornish / Asia Szusciak
+44 (0) 20 7628 3396
Novum Securities Limited (Joint Broker)
Jon Belliss
+44 (0) 20 7399 9400
Shard Capital Partners LLP (Joint Broker)
Damon Heath
+44 (0) 20 7186 9952
or visit http://www.bezantresources.com (http://www.bezantresources.com)
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.
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