Besra Gold Stock Price, News & Analysis

Besra Gold Inc. (ASX: BEZ) has announced a significant development regarding the winding-up petition against Quantum Metal Sdn Bhd (QM Malaysia). Following their previous announcement from November 11, 2024, the company has confirmed receiving a letter from the Inland Revenue Department stating their agreement to withdraw the petition that was initially presented by the Government of Malaysia to the High Court of Malaysia.

Besra Gold Inc. (ASX: BEZ) held its annual general and special meetings of shareholders on December 20, 2024, in Sydney, Australia. All proposed matters received approval from shareholders, with 258,197,632 common shares voted, representing 61.75% of total outstanding shares. Key resolutions passed included the election of board members Jon Morda (88.5% approval), Michael Higginson (72.5%), Dato Lim (57.1%), and Chang (Kenny) Lee (55.8%). Shareholders also approved the reappointment of auditors (72.5%), issuance of options to Kenny Lee (55.2%), 2024 executive remuneration (57.2%), and amendment of By-laws (100%).

Besra Gold Inc (ASX: BEZ) has provided an update on the renewal status of its Jugan Concession (ML 05/2012/1D). The renewal process requires approval from the State Mining Mineral Authority (SMMA), whose meetings are chaired by the Premier of Sarawak and held infrequently. The company awaits confirmation of the next SMMA meeting date, where they expect their application to be reviewed.

This renewal represents the first 'heavy mining' ML to be considered by Sarawak authorities in recent times, making the timeline less predictable compared to similar applications in other regions like Australia. Following renewal, North Borneo Gold Sdn Bhd, Besra's Malaysian subsidiary, will apply to replace Gladioli Enterprises as the registered holder of the Concession.

Besra Gold Inc. (ASX: BEZ) has appointed Mr. Jeremy Wickens, a partner at Norton Rose Fulbright Australia, as independent chair for their upcoming annual general and special meeting scheduled for December 20, 2024. The Board has amended By-Law No. 1 to enable this appointment, which previously required Mr. Lim (Chairperson) or other designated officers to preside over shareholder meetings.

The amendment requires shareholder confirmation at the meeting through an ordinary resolution passed by simple majority. The Board unanimously recommends shareholders vote FOR the amendment, viewing it as aligned with best corporate governance practices. The amendment documentation is available on SEDAR+ and Besra's website.

Besra Gold Inc. (ASX: BEZ) has announced a significant leadership change as Dato' Lim Khong Soon steps down from his position as Chair while maintaining his role as Non-Executive Director. The decision stems from Mr. Lim's recognition that the company's future growth and development would benefit from having a dynamic, experienced, and independent mining executive in the Chair position.

The Board has expressed support for Mr. Lim's decision and will begin an extensive search for a highly qualified candidate to guide Besra's transition into gold production. The announcement was authorized by Directors CL Lee and M Higginson.

Besra Gold Inc. (ASX: BEZ) has announced the distribution of management information circular and related documents for its annual general and special meeting scheduled for December 20, 2024, at 12:30 pm Sydney time. Due to an ongoing postal strike in Canada, the company has implemented alternative delivery methods, including courier service for registered Canadian shareholders and electronic access through SEDAR+ and the company's website.

The meeting materials include financial statements and MD&A for the year ended June 30, 2024, and the quarter ended September 30, 2024. Shareholders can vote online at www.investorvote.com or by phone, with proxies required 48 hours before the meeting. The deadline for director nominations closed on November 1, 2024.

Besra Gold Inc (ASX: BEZ) has released its condensed interim consolidated financial statements for the three months ending September 30, 2024. The unaudited statements, published in United States dollars, provide a detailed overview of the company's financial performance during this period. The announcement was authorized by the Board of Besra Gold Inc and is available for full review on their official website. For more information, contact the Company Secretary, Michael Higginson, or Investor Relations Services, James Hamilton.

Besra Gold Inc (ASX: BEZ) has released its Management Discussion and Analysis (MD&A) report for the quarter ending September 30, 2024. The company has made the full report available on their website. No specific financial or operational details were provided in the press release announcement.

Besra Gold Inc (ASX: BEZ) has announced the release of its Notice of Meeting and Management Information Circular. The company has made the full announcement available on their website. The announcement was authorized by Besra's Board of Directors. Contact information for both Australasia and North America regions has been provided for further inquiries.