Welcome to our dedicated page for Besra Gold news (Ticker: BESAF), a resource for investors and traders seeking the latest updates and insights on Besra Gold stock.
Besra Gold Inc. reports developments for its gold exploration and development business, including the Bau Gold Project in Sarawak and tenure matters connected to the Jugan deposit. Company updates include mining lease renewals, engagement with Sarawak authorities, quarterly activities and cash-flow reporting, and cost-review initiatives affecting its Malaysian operations.
Besra Gold news also includes governance and shareholder matters, such as requisitioned meetings, board-composition proposals, company secretary changes, and disclosures tied to material agreements including the Gold Purchase Agreement.
Besra Gold Inc. (BESAF) has announced the postponement of its special shareholders' meeting from May 26, 2025, to June 23, 2025. The meeting was initially called to consider the removal of Dato Lim Khong Soon from the Board. In response, Quantum Metal Recovery Inc, controlled by Lim, has requested a separate shareholders' meeting to remove all directors except Lim and elect three new nominees.
The Board's decision to postpone the meeting aims to provide additional time for potential engagement with Quantum and to avoid a potential proxy contest. The record date for shareholder voting eligibility remains at 5:00 pm Melbourne time on May 5, 2025. Norton Rose Fulbright Canada LLP is serving as legal counsel to Besra for the Special Meeting.
Besra Gold Inc. (ASX: BEZ) has released its March 2025 Quarterly Activities Report, highlighting significant progress in the Jugan Bankable Feasibility Studies. The company reports several key developments: completion of an independent mineral resource estimate (MRE), accelerated drilling operations using two rigs for metallurgical and geotechnical core samples, and the dispatch of samples to specialized laboratories in Perth, Jakarta, and Newcastle for analysis. Additionally, Besra is conducting a strategic review of emerging and next-generation processing and tailings solutions for potential future implementation.
Besra Gold Inc. (ASX: BEZ) has released an announcement regarding an updated independent mineral resource estimate for its Jugan Project. The company has directed stakeholders to access the complete announcement through their official website, where detailed information about the resource estimate can be found.
Besra Gold Inc. (ASX: BEZ) has announced the adoption of an advance notice by-law for director nominations by shareholders. The by-law establishes a clear framework requiring shareholders to submit director nominations at least 30 days before annual meetings (40 days for notice and access cases), or 10 days after the first public announcement if the meeting is less than 50 days away.
For special meetings, nominations must be submitted within 15 days of the first public announcement. The company has postponed its Special Meeting from May 8 to May 26, 2025 (May 27 in Australia), with a record date of April 1, 2025. The Board will waive the nomination deadline until April 11, 2025, to ensure shareholders are not disadvantaged by the new by-law.
The by-law requires shareholder approval at the upcoming Special Meeting to remain effective, needing a majority vote for confirmation.
Besra Gold Inc (ASX: BEZ) acknowledged receipt of an ASX price query letter dated March 17, 2025. The company has indicated that a response to the questions raised in the ASX letter is available on their website. No specific details about the nature of the price query or the company's response were provided in the press release.
Besra Gold Inc (ASX: BEZ) has issued a response to an ASX aware letter dated March 12, 2025, addressing questions concerning a Cease Trade Order. The company's announcement refers to correspondence from the Australian Securities Exchange and directs stakeholders to view the complete response on their corporate website.
Besra Gold (ASX: BEZ) has announced the release of its Condensed Interim Consolidated Financial Statements for the six-month period ending December 31, 2024. The financial statements, reported in United States Dollars, cover the company's operations through the second half of 2024. The complete financial report is available on the company's website.
Besra Gold Inc (ASX: BEZ) has received a requisition for a special shareholders' meeting from Quantum Metal Recovery Inc, which holds approximately 20% (84,938,256 common shares) of the company's outstanding shares. The meeting, scheduled after March 26, 2025, will address two main purposes:
- The removal of current directors Jon Morda, Michael Higginson, and Chang Loong Lee
- The election of new board members: Matthew Greentree, David Izzard, and William John Blake
The requisition was made under Section 143 of the Canada Business Corporations Act, which allows shareholders holding at least 5% of outstanding shares to request such meetings. The notice of Special Meeting will be sent to all registered shareholders as of the Record Date (March 26, 2025 - Canadian time).
Besra Gold Inc (ASX: BEZ) has released a market update regarding an ongoing investigation into the transfer of 40,000,000 CDIs from Quantum Metal Recovery Inc to a nominee company on February 3, 2025.
The investigation reveals conflicting information about Quantum's shareholding:
- On February 24, 2025, Quantum's lawyers stated the company owned 124,938,256 shares (approximately 30% ownership)
- On March 6, 2025, they revised this statement to 84,938,256 shares (approximately 20% ownership)
Despite multiple inquiries, including during a March 3 Board Meeting where Quantum's controller Dato Lim stated there had been "no change of beneficial ownership," Besra has not received clear confirmation regarding the potential sale of CDIs. The company continues its investigation pending responses from Quantum and relevant nominee companies.
Besra Gold Inc (ASX: BEZ) has requested a trading halt for its securities on the Australian Securities Exchange (ASX) on March 10, 2025. The halt is specifically related to a pending announcement concerning a Cease Trade Order from the Ontario Securities Commission.
The company expects the trading halt to be lifted by the start of trading on Wednesday, March 12, 2025. The announcement regarding the Cease Trade Order is anticipated to end the trading suspension. The company has confirmed it is unaware of any reason why the trading halt should not be granted.