Besra Gold Reports Receipt of Purported Notice Under s.143 of CBCA
Rhea-AI Summary
Besra Gold (OTC: BESAF, ASX: BEZ) reports receiving a further purported shareholder request dated 14 July 2026 under Section 143 of the Canada Business Corporations Act. The company says the requesting shareholders have withdrawn earlier purported Section 143 requests dated 17 June 2026 and 29 June 2026.
According to Besra Gold, the latest request proposes shareholder resolutions on removal and appointment of directors and on corporate governance, but no longer includes resolutions relating to the Gold Purchase Agreement with Quantum Metal Recovery dated 8 May 2023. Besra Gold is obtaining legal advice on the validity and effect of the request and will update shareholders after its review.
Positive
- Earlier purported Section 143 requests withdrawn by shareholders
- Current shareholder request omits resolutions on Gold Purchase Agreement
- Company seeking legal advice and reviewing CBCA obligations
Negative
- New shareholder request seeks changes to board composition
- Ongoing governance challenge may create uncertainty until review completed
AI-generated analysis. How Rhea-AI works. Not financial advice.
Perth, Western Australia--(Newsfile Corp. - July 16, 2026) - Besra Gold Inc (ASX: BEZ) (Besra or the Company) advises that it has received a further purported shareholder request under Section 143 of the Canada Business Corporations Act (CBCA), dated 14 July 2026.
The Company notes that this follows previous purported Section 143 requests received on 17 June 2026 and 29 June 2026.
The Company notes that in the purported Section 143 request of 14th July 2026, the requesting shareholders have withdrawn Section 143 requests dated 17 June 2026 and 29 June 2026
The Company is currently obtaining legal advice regarding the validity and effect of the most recent purported Section 143 request and will consider its obligations under the CBCA. The Company will update shareholders as appropriate once that review has been completed.
The latest purported Section 143 request proposes shareholder resolutions regarding the removal and appointment of directors, as well as a resolution concerning corporate governance.
The Company notes that, unlike the purported Section 143 requests dated 17 June 2026 and 29 June 2026, the current request does not include proposed resolutions relating to the Gold Purchase Agreement between the Company and Quantum Metal Recovery Inc. dated 8 May 2023.
Besra remains committed to complying with its legal and regulatory obligations and will keep shareholders informed of any material developments.
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/305426