Besra Gold Reports Receipt of Purported Notice Under s.143 of CBCA

Rhea-AI Summary

Besra Gold (OTC: BESAF, ASX: BEZ) reported receiving a purported notice under Section 143 of the Canada Business Corporations Act from eight shareholders dated 4 August 2026. The group claims to represent 22,057,919 common shares, or about 5.2% of Besra’s issued share capital.

The purported notice proposes seven resolutions: six on the removal and/or appointment of directors to the board and one calling for a review of Besra’s financial management, corporate governance and regulatory compliance. Besra is reviewing the notice and has sought legal advice on its validity and CBCA compliance.

Positive

• None.

Negative

• Shareholder group with 5.2% stake proposes changes to board
• Seven resolutions include board changes and review of financial management and governance
• Company must spend resources on legal review of S.143 notice

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

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Perth, Western Australia--(Newsfile Corp. - August 7, 2026) - Besra Gold Inc (ASX: BEZ) (Besra or the Company) advises that it has received a notice which purports to be given under Section 143 of the Canada Business Corporations Act (CBCA) (Purported S143 Notice) from 8 shareholders, dated 4 August 2026, claiming to represent 22,057,919 common shares, or approximately 5.2% of the issued share capital, of the Company.

The Purported S143 Notice proposes seven resolutions, six dealing with the removal and/or appointment of directors to the Board, and one regarding a review of the Company's Financial Management, Corporate Governance and Regulatory Compliance.

The Company is currently reviewing the Purported S143 Notice and has sought legal advice as to the validity and compliance with the requirements under the CBCA.

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

For more information please contact:

Investors: Dr Ray Shaw CEO & Executive Director 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/308542

FAQ

What announcement did Besra Gold (BESAF) make on August 7, 2026?

Besra Gold announced it received a purported Section 143 CBCA notice from eight shareholders. According to Besra Gold, the notice proposes seven resolutions regarding board composition and a review of financial management, corporate governance and regulatory compliance, and is currently under legal review.

How many shares are represented by the Besra Gold Section 143 notice shareholders?

The shareholder group claims to represent 22,057,919 Besra Gold common shares. According to Besra Gold, this holding equals approximately 5.2% of the company’s issued share capital, giving the group a minority but notable stake in corporate governance matters.

What changes to the board are proposed in the Besra Gold (BESAF) Section 143 notice?

The purported Section 143 notice proposes six resolutions on removing and/or appointing directors. According to Besra Gold, a seventh resolution seeks a review of the company’s financial management, corporate governance and regulatory compliance, subject to confirmation of the notice’s validity.

Is Besra Gold challenging the validity of the Section 143 CBCA notice?

Besra Gold has not confirmed the notice’s validity and is seeking legal advice. According to Besra Gold, the company is reviewing whether the purported Section 143 notice complies with requirements under the Canada Business Corporations Act before determining any further steps.

What is the purpose of the financial management review proposed for Besra Gold (BESAF)?

The shareholder group proposes a resolution calling for a review of Besra Gold’s financial management. According to Besra Gold, the same resolution also references corporate governance and regulatory compliance, forming part of seven resolutions in the purported Section 143 notice.

Who sent the Section 143 notice to Besra Gold and when was it dated?

The notice was sent by eight shareholders and is dated 4 August 2026. According to Besra Gold, these shareholders collectively claim 22,057,919 common shares, about 5.2% of the company’s issued share capital, and seek votes on seven proposed resolutions.