and its mineral exploration licences in Southern Botswana,
comprising the Kanye Manganese project
Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce the conditional acquisition of 100% of Metrock Resources Ltd ( Metrock ) and its manganese mineral exploration licences in Southern Botswana comprising the Kanye Manganese Project.
· 4,043 sq km land package with 125 km of potential on trend manganese mineralisation across the licences
· Trenching results have yielded in the case on one prospect of between 53% and 74% manganese oxide ( MnO )
· Bezant will acquire 100% of Metrock by i) issuing 150,000,000 new shares to settle £405,000 and ii) issuing 31,800,000 unlisted options exercisable at 0.40 pence per share up to 30 September 2024 and deferred consideration of £225,000 also to be settled in new shares should an Indicated Resource be delineated and settle Metrock s creditors of £45,100
Pathfinder announces the following update in relation to a possible claim against the Government of Mozambique under the Mozambique - United Kingdom Bilateral Investment Treaty (2004) ( BIT ). Pathfinder announced on 2 November 2020 that, should the Company be unable to resolve its dispute with the Government of Mozambique over the unlawful transfer of mining concession 4623C (the Licence ) (the areas under which were previously licensed to the Company under mining concessions 760C and 4623C) to an unconnected company, the Board intends to seek recourse to the BIT with the support of litigation funders. As part of this strategy, the Board commissioned, and received on 10 December 2020, an updated legal opinion (the Opinion ) from Samuel Wordsworth QC of Essex Court Chambers on the prospects of successfully establishing liability against the Government of Mozambique in a BIT claim against the Government of Mozambique in respect of the Licence. The O
Marechale Capital Plc - Grant of Options to Directors
PR Newswire
Grant of Options to Directors
Marechale Capital plc (AIM:MAC) announces that it has granted options in aggregate over 4,354,927 ordinary shares to Patrick Booth-Clibborn and Mark Warde-Norbury ( the Share Options ) at 1.25p per share. The Share Options, which were approved by shareholders at the Company s annual general meeting on 23 September 2019, were granted on 10 December 2020 and represent approximately 7.55% of the Company s current issued share capital.
The Share Options were awarded as follows:
Share Options Prior to Grant
Number of Share Options Granted
Resultant Number of Share Options Held
As a % of Current Issued Share Capital
A
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