Besra Gold Announces New Special Meeting Date

Rhea-AI Summary

Besra Gold (OTC: BESAF) announced a new special meeting after its board determined a dissident requisition received March 2, 2026, is a valid shareholder requisition under Section 143 of the Canada Business Corporations Act.

The previously scheduled May 19, 2026 meeting has been cancelled. The Special Meeting will be held in Canada on June 16, 2026 at 10:00 p.m. EDT and in Australia on June 17, 2026 at 9:00 a.m. AWST. A management information circular and voting details will be provided to shareholders of record in advance; shareholders are not required to take action now.

Positive

• Board determined March 2 requisition valid under Section 143
• Special Meeting scheduled for June 16, 2026 (Canada)
• Special Meeting scheduled for June 17, 2026 (Australia)
• Management information circular to be mailed to shareholders of record

Negative

• Previously scheduled May 19, 2026 meeting cancelled
• Dissident requisition includes proposed board composition changes

Perth, Western Australia--(Newsfile Corp. - March 20, 2026) - Besra Gold Inc. (ASX: BEZ) (the Company) announces that, further to its news release of March 4, 2026, the Company's board of directors (the Board), with the advice of its legal counsel, have determined that the dissident requisition notice that the Company received on March 2, 2026 (the New Request) constitutes a valid shareholder requisition under Section 143 of the Canada Business Corporations Act.

The New Request included proposed resolutions concerning changes to the Board composition, in addition to the matters set out in a requisition notice received from the same group of dissident shareholders on January 16, 2026 (the Original Request). The Company previously announced that it was calling a special meeting in response to the Original Request, which was scheduled to be held on Tuesday, May 19, 2026, at 9:00 a.m. (Australian Western Standard Time). The meeting in response to the Original Request has been cancelled.

The special meeting of shareholders (the Special Meeting) in response to the New Request is scheduled to be held in Canada, on June 16, 2026, at 10:00 p.m. (Eastern Daylight Time) and in Australia, on June 17, 2026, at 9:00 a.m. (Australian Western Standard Time).

Further details about the Special Meeting, the matters to be presented, and how to vote will be made available to shareholders in advance of the Special Meeting, including in a management information circular to be mailed to shareholders of record as of the record date. Shareholders are not required to take any action at this time in respect of the Special Meeting.

This announcement has been authorised for release by the Board of Directors

For more information please contact:

Investors: John Blake Non-Executive Chairman info@besra.com

Media: Nicholas Read / Kate Bell Read Corporate info@readcorporate.com.au

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289338

FAQ

Why did Besra Gold (BESAF) set a new special meeting date for June 2026?

Because the board found a March 2, 2026 dissident requisition valid under Section 143 of the Canada Business Corporations Act. According to the company, that valid requisition required calling a new Special Meeting to consider the proposed resolutions and board changes, replacing the cancelled May meeting.

When exactly will Besra Gold's (BESAF) Special Meeting occur in Canada and Australia?

The Special Meeting is set for June 16, 2026 at 10:00 p.m. Eastern Daylight Time in Canada and June 17, 2026 at 9:00 a.m. Australian Western Standard Time in Australia. According to the company, both times correspond to the same scheduled meeting for shareholders.

Has Besra Gold (BESAF) cancelled any previously announced shareholder meetings?

Yes; the company cancelled the Special Meeting that had been scheduled for May 19, 2026 at 9:00 a.m. AWST. According to the company, that meeting was replaced by the newly scheduled June 16/17 Special Meeting tied to the valid requisition received on March 2, 2026.

Do Besra Gold (BESAF) shareholders need to take immediate action about the June 2026 Special Meeting?

No, shareholders are not required to take any action at this time in respect of the Special Meeting. According to the company, voting instructions and a management information circular will be provided in advance to shareholders of record as of the record date.

What matters will Besra Gold (BESAF) present at the June 2026 Special Meeting?

The Special Meeting will present matters included in the March 2 requisition, including proposed changes to Board composition and items from the January 16 requisition. According to the company, full details and how to vote will be provided in the management information circular before the meeting.

How will Besra Gold (BESAF) inform shareholders about voting for the June 2026 meeting?

Voting details will be provided via a management information circular mailed to shareholders of record ahead of the Special Meeting. According to the company, the circular will explain the matters to be presented and the procedures shareholders should follow to vote.