Bezant Resources PLC Directorate Change and CEO Appointment (7715B)
January 15 2018 - 2:00AM
UK Regulatory
TIDMBZT
RNS Number : 7715B
Bezant Resources PLC
15 January 2018
15 January 2018
Bezant Resources Plc
("Bezant" or the "Company")
Directorate Change and Chief Executive Officer Appointment
Bezant (AIM: BZT), the AIM quoted mineral exploration and
development company, announces that Laurence Read has assumed the
role of Chief Executive Officer ("CEO") of the Company following
the resignation of Dr Bernard Olivier as CEO, both with immediate
effect. Dr Olivier's resignation, with the agreement of the Board,
is to enable him to pursue his other interests and he will be
available to consult with the Company to assist with an orderly
transistion of his responsibilities.
During his approximate five year term as CEO, from late January
2012, having previously served the Company since April 2007 as
Executive Technical Director, Dr Olivier successfully oversaw the
exploration campaign on the Company's Mankayan copper-gold project
(the "Mankayan Project") and the option transaction with Gold
Fields Netherlands Services BV which enabled a distribution of
GBP5.2m in cash to the Company's shareholders in late May 2013. The
Board would like to thank Bernard for all his considerable work and
dedication to the Company's development during his tenure.
Mr Read, an existing executive director of Bezant, will now, as
CEO, lead the implementation of the Company's strategy as it seeks
to generate value from its existing asset portfolio through
project/asset level participation and potential future
transactional activity. As announced on 6 December 2017, the
Company is progressing a revised funding and partnering strategy to
identify and secure appropriate development funding at the asset
level for its gold-platinum production project in Choco, Colombia
and, against a backdrop of steadily improving commodity prices, is
also renewing its focus on realising potential value from the other
assets in its portfolio comprising the Mankayan copper-gold project
in the Philippines and a copper exploration project in Argentina.
Further updates will be provided as and when appropriate.
Laurence Read, CEO of Bezant, today commented:
"Bezant has an established portfolio of attractive precious and
base metals projects in a current environment where such viable
advanced projects are relatively scarce. During 2018, we shall seek
to identify means of realising value from our significant reserves
and resources at the Mankayan Project and the comprehensive
operational and mining related data set for our Choco Project in
Colombia, that can be rapidly developed into a full-scale mining
operation with the right parters, which I firmly believe is the
right course of action. I shall be working closely with the rest of
the Board to assess the next phase of Bezant's development and look
forward to updating the market accordingly in due course.
"I would like to take this opportunity to thank Bernard for the
Company's significant accomplishments during his tenure as CEO and
wish him well in his future endeavours."
For further information, please contact:
Bezant Resources plc
Laurence Read Tel: +44 (0)20
Chief Executive Officer 3289 9923
Strand Hanson Limited (Nomad)
James Harris / Matthew Chandler Tel: +44 (0)20
/ James Dance 7409 3494
Peterhouse Corporate Finance Limited
(Broker) Tel: +44 (0)20
Lucy Williams / Duncan Vasey / Heena 7469 0930
Karani
Beaufort Securities Limited (Broker) Tel: +44 (0)20
Elliot Hance 7382 8300
or visit http://www.bezantresources.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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