Besra Gold Inc. Receives Legal Proceedings

Rhea-AI Summary

Besra Gold Inc. (ASX: BEZ) has received legal proceedings initiated by Jura Trust Limited, an entity controlled by former director John Seton, in the Supreme Court of Victoria. The lawsuit alleges that Besra failed to provide 12 months' notice for terminating Jura's services agreement and owes approximately $25,000 in unpaid invoices.

The company has filed a notice of appearance and disputes these claims. Besra has committed to updating security holders on any material developments regarding the proceedings.

Positive

• None.

Negative

• Legal proceedings initiated against the company regarding contract termination
• Alleged unpaid invoices of approximately $25,000

Melbourne, Victoria--(Newsfile Corp. - July 1, 2025) - Besra Gold Inc. (ASX: BEZ) (Besra or the Company) advises that the Company has received and reviewed an Originating Writ and Statement of Claim in respect of the commencement of legal proceedings in the Supreme Court of Victoria (the Proceedings).

The Proceedings have been initiated by Jura Trust Limited (Jura), an entity controlled by former Company director, John Seton.

In its filings with the Supreme Court of Victoria, Jura alleges that Besra was required to, but did not provide, Jura with 12 months' notice of the termination of Jura's services agreement with the Company, and that Besra also owes Jura approximately $25,000 in unpaid invoices. The Company disputes these claims and has filed a notice of appearance with the Supreme Court of Victoria.

The Company will notify its security holders of any material updates regarding the Proceedings in due course.

The Company confirms that it complies with ASX Listing Rule 3.1.

This announcement was authorised for release by the Board of Directors.

Michael Higginson,
Company Secretary

North America Contact:
James Hamilton
M 1-416-471-4494

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257425

FAQ

What are the legal proceedings against Besra Gold (BESAF)?

Jura Trust Limited has filed a lawsuit against Besra Gold in the Supreme Court of Victoria, claiming the company failed to provide 12 months' notice for service agreement termination and owes approximately $25,000 in unpaid invoices.

Who initiated the legal proceedings against Besra Gold (BESAF)?

Jura Trust Limited, an entity controlled by former company director John Seton, initiated the legal proceedings.

How much money is Besra Gold (BESAF) being sued for?

Jura Trust Limited claims Besra Gold owes approximately $25,000 in unpaid invoices, along with damages related to alleged failure to provide 12 months' notice of service agreement termination.

What is Besra Gold's (BESAF) response to the legal proceedings?

Besra Gold has filed a notice of appearance with the Supreme Court of Victoria and disputes the claims. The company will notify security holders of any material updates regarding the proceedings.