Source - SMW
Bezant has raised £1,189,000, before expenses, through a conditional placing of 38,400,000 new ordinary shares and a subscription for 21,050,000 new ordinary shares, both at 2.0p per share.

The fundraising price represents a discount of approximately 27.3% to the closing mid-market price of 2.75 pence per ordinary share on Friday.

The net proceeds will be used towards funding the company's planned exploration and development work programme on its near surface platinum and gold assets located in the Choco Region of Colombia, over which it holds certain options, and for the group's general working capital purposes.

At 1:12pm: (LON:BZT) Bezant Resources PLC share price was -0.38p at 2.38p