Besra Gold Inc Advises Receipt of Purported Notice Under S.143 of CBCA

Rhea-AI Summary

Besra Gold (ASX: BEZ, OTC: BESAF) received a new purported Section 143 CBCA notice on 29 June 2026 from Requisitioners claiming to hold about 22,057,919 shares (5.2%).

The notice repeats six resolutions on Board composition and dealings under the Gold Purchase Agreement with Quantum Metal Recovery. Besra is seeking legal advice and indicates it will comply with CBCA obligations if the notices are valid.

Positive

• Clear disclosure of shareholder requisition and proposed governance changes
• Company states intention to comply with CBCA obligations if notices are valid

Negative

• Shareholder group holding about 5.2% seeks Board changes via S.143 notices
• Resolutions target restrictive dealings under existing Gold Purchase Agreement

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Perth, Western Australia--(Newsfile Corp. - June 30, 2026) - Besra Gold Inc (ASX: BEZ) ("Besra" or the "Company") advises that on 29 June 2026 it received a notice (the "Purported 29 June 2026 S143 Notice") which purports to be given under Section 143 of the Canada Business Corporations Act (the "CBCA"), from a group of Requisitioners claiming to represent 22,057,919 common shares, or approximately 5.2% of the issued share capital of the Company. This is the same group of Requisitioners who submitted a Purported S143 Notice, dated 17 June 2026 ("Purported 17 June 2026 S143 Notice").

The Purported 29 June 2026 S143 Notice proposes six resolutions, identical to those proposed in the Purported 17 June 2026 S 143 Notice; five dealing with the removal and/or appointment of directors to the Board, and one concerning restrictive dealings in respect of the Gold Purchase Agreement between the Company and Quantum Metal Recovery Inc, dated 8 May 2023.

The Company, currently seeking legal advice as to the validity and compliance of the Purported 17 June 2026 S143 Notice with respect to the requirements of the CBCA, has now likewise sought legal advice as to the validity and compliance of this Purported 29 June 2026 S143 Notice.

To the extent that these Purported S143 Notices are determined to be valid, the Company will comply with its legal obligations in accordance with the CBCA.

This announcement has been authorized for release by the Board of Directors.

For more information, please contact:

Investors: Dr John Blake 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/303453

FAQ

What did Besra Gold (BESAF) announce on June 30, 2026 about a Section 143 CBCA notice?

Besra Gold announced receipt of a new purported Section 143 CBCA notice dated 29 June 2026. According to Besra, the notice comes from Requisitioners and proposes six resolutions on Board composition and the Gold Purchase Agreement with Quantum Metal Recovery.

How many Besra Gold (BESAF) shares do the Requisitioners behind the Section 143 notices claim to hold?

The Requisitioners claim to represent 22,057,919 Besra Gold common shares, about 5.2% of issued capital. According to Besra, this same group submitted a prior purported Section 143 notice dated 17 June 2026 with identical proposed resolutions.

What resolutions are proposed in the Section 143 notices received by Besra Gold (BESAF)?

The notices propose six resolutions identical across both June 2026 documents. According to Besra, five resolutions address removal and/or appointment of directors, while one concerns restrictive dealings under the Gold Purchase Agreement with Quantum Metal Recovery dated 8 May 2023.

How is Besra Gold (BESAF) responding to the June 2026 Section 143 shareholder notices?

Besra Gold is seeking legal advice on the validity and CBCA compliance of both purported Section 143 notices. According to Besra, if the notices are determined to be valid, the company plans to comply with its legal obligations under the Canada Business Corporations Act.

What is the link between Besra Gold’s (BESAF) Section 143 notices and its Gold Purchase Agreement?

One of the six resolutions in the purported Section 143 notices targets restrictive dealings under Besra’s Gold Purchase Agreement. According to Besra, this agreement is with Quantum Metal Recovery and was originally dated 8 May 2023.