Bezant Resources PLC (AIM: BZT), the copper-gold exploration and development company, has announced the issue and allotment of 40,000,000 new ordinary shares following the exercise of warrants at a price of 0.06p per share. The warrants relate to a fundraising originally announced on 4 December 2023. The new shares are expected to be admitted to trading on AIM at 8.00 a.m. on or around 18 November 2026, expanding the company's total issued share capital to over 23.6 billion ordinary shares.

Key Points

  • Bezant Resources PLC (AIM: BZT) — copper-gold exploration and development company listed on AIM
  • 40,000,000 new ordinary shares issued at 0.06p per share upon exercise of warrants tied to the December 2023 fundraising
  • AIM admission of warrant exercise shares expected at 8.00 a.m. on or around 18 November 2026
  • Investors should monitor the updated total voting rights figure of 23,672,525,088 ordinary shares for FCA disclosure threshold calculations

Bezant Resources Exercises Warrants at 0.06p, Issuing 40 Million New Ordinary Shares

Bezant Resources has confirmed the issue and allotment of 40,000,000 new ordinary shares of 0.002p each, arising from the exercise of warrants priced at 0.06p per share. These warrants were originally granted as part of a fundraising the company announced on 4 December 2023. The announcement states that the new warrant exercise shares will rank pari passu with Bezant's existing ordinary shares, meaning they carry the same rights with respect to voting, dividends, and other shareholder entitlements. The company does not hold any ordinary shares in treasury.

AIM Admission of New Bezant Shares Expected on 18 November 2026

Bezant Resources has confirmed that an application will be made to the London Stock Exchange for the warrant exercise shares to be admitted to trading on AIM. The company expects admission to become effective and dealings to commence at 8.00 a.m. on or around 18 November 2026. This admission date is relevant for existing and prospective shareholders who may need to track changes to their proportional interests in the company. Beaumont Cornish Limited acts as Bezant's Nominated Adviser, with AlbR Capital Limited and Shard Capital Partners LLP serving as joint brokers.

Total Issued Share Capital Rises to 23,672,525,088 Ordinary Shares Following Allotment

Following the issue of the warrant exercise shares, Bezant's total issued share capital will consist of 23,672,525,088 ordinary shares, all carrying voting rights. The announcement confirms no shares are held in treasury. This figure now serves as the denominator shareholders must use when calculating whether they are required to notify the Financial Conduct Authority of an interest or a change in interest under the FCA's Disclosure Guidance and Transparency Rules. Investors holding positions near FCA disclosure thresholds should review their holdings against this updated figure ahead of the 18 November 2026 admission date.

Bezant Resources' Copper-Gold Focus and Ongoing Development Strategy

Bezant Resources operates as a copper-gold exploration and development company, a sector that continues to attract investor attention given global demand dynamics for copper in energy transition technologies. The warrant exercise reflects ongoing capital activity linked to the company's December 2023 fundraising, suggesting that warrant holders have chosen to convert their positions into equity. Executive Chairman Colin Bird leads the company, which is contactable via its London office. Investors may be watching how the enlarged share capital affects future fundraising capacity and progress across Bezant's exploration and development portfolio.