Besra Gold Announces Organizational Changes as Part of Strategic and Cost Review
Rhea-AI Summary
Besra Gold (OTC: BESAF) announced organizational changes on 5 January 2026 as part of its strategic review and cost-reduction program initiated 13 November 2025.
The Board restructured Malaysian operations: Matthew Antill, managing director of North Borneo Gold Sdn Bhd, was made redundant effective 22 December 2025 and will receive contractual entitlements. Michael Higginson, company secretary engaged under a consultancy agreement, was given notice on 22 December 2025 and will provide services until the notice concludes on 22 March 2026.
Ray Shaw, chief technical officer, remains focused on government and community engagement and the renewal of licences for the Bau Gold Project in Sarawak.
Positive
- Restructuring implemented effective 22 December 2025
- CTO Ray Shaw retained to lead licence renewal efforts
Negative
- Managing director of Malaysian subsidiary made redundant 22 December 2025
- Company secretary given notice; services continue until 22 March 2026
Perth, Western Australia--(Newsfile Corp. - January 5, 2026) - Besra Gold Inc (ASX: BEZ) (Besra or the Company) advises that, as part of the ongoing corporate strategic review and cost-reduction program announced on 13 November 2025, the Board has implemented several organizational changes.
The Board has restructured the Malaysian operations. As a result, Mr. Matthew Antill, Managing Director of North Borneo Gold Sdn Bhd. (a subsidiary of Besra in Sarawak, Malaysia) has been made redundant, effective from 22nd December 2025. Mr. Antill will receive all payments and benefits due to him under his employment agreement with Besra.
The Board has also issued notice to Mr. Michael Higginson on 22nd December 2025. Mr Higginson is engaged by Besra as Company Secretary under the terms of a Consultancy Services Agreement. He will continue to provide services to the Company until the 3-month notice period under the agreement, which concludes on 22 March 2026.
Besra's Chief Technical Officer, Mr. Ray Shaw, continues to lead the Company's Government and Community engagement team, with a primary focus on securing the renewal of licenses for the Bau Gold Project in Sarawak, Malaysia.
The Board thanks Mr. Antil and Mr. Higginson for their contributions to Besra and extends its best wishes to them for the future.
This announcement was authorized for release by the Board of Besra Gold Inc.
John Blake
Non-Executive Chairman
For further information, please contact:
Investors: | Media: |
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279484
FAQ
What organizational changes did Besra Gold (BESAF) announce on January 5, 2026?
When does the redundancy of Besra's Malaysian MD take effect for BESAF?
How long will Besra's company secretary provide services after notice for BESAF?
Who will lead licence renewal work for the Bau Gold Project for BESAF?
Will the redundant executive receive payments from Besra (BESAF)?
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