Bellzone Mining founder sells shares to other stake holder

4th Dec 2012 16:13

The founder of Bellzone Mining, which develops two Iron ore and nickel/copper assets in Guinea, West Africa, has sold 50m shares in the company.Nikolajs Zuks, who has been the company's Managing Director since August 2009, disposed of the shares at 17p each for a total of £8.5m. As a result, Zuks now holds 247.35m in the company, equal to 33.9% of the issued share capital. The shares were purchased by China Sonangol International Singapore, taking its stake to just under 178.84m shares, equal to a 24.5% stake.Glenn Baldwin, Chief Executive Officer said: "This transaction demonstrates China Sonangol's long term commitment to Bellzone."Shares in the company have fallen 44.55%, equal to 11.25p, over the past 12 months. Top Director BuysMacau Property Opportunities Fund Ltd. (MPO) Director name: Mr Christopher RussellAmount purchased: 88,089 @ 110.50p Value: £97,338F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 50,000 @ 99.26p Value: £49,630United Utilities Group (UU.) Director name: Mr Brian MayAmount purchased: 3,000 @ 687.50p Value: £20,625Thomas Cook Group (TCG) Director name: Mr Roger BurnellAmount purchased: 80,000 @ 25.50p Value: £20,400Global Energy Development (GED) Director name: Mr Stephen C VossAmount purchased: 12,500 @ 108.00p Value: £13,500Thomas Cook Group (TCG) Director name: Mr Peter MarksAmount purchased: 37,907 @ 26.40p Value: £10,007Top Director SellsBellzone Mining (BZM) Director name: Mr Nikolajs ZuksAmount sold: 50,000,000 @ 17.00p Value: £8,500,000Smith & Nephew (SN.) Director name: Mr Adrian Nevil HennahAmount sold: 89,620 @ 664.26p Value: £595,310Smith & Nephew (SN.) Director name: Mr Adrian Nevil HennahAmount sold: 45,357 @ 664.26p Value: £301,288Smith & Nephew (SN.) Director name: Mr Adrian Nevil HennahAmount sold: 42,726 @ 664.26p Value: £283,812Smith & Nephew (SN.) Director name: Mr Adrian Nevil HennahAmount sold: 21,093 @ 664.26p Value: £140,112Smith & Nephew (SN.) Director name: Mr Adrian Nevil HennahAmount sold: 4,520 @ 664.26p Value: £30,025Kingfisher (KGF) Director name: Mr Euan SutherlandAmount sold: 5,263 @ 276.00p Value: £14,526