As part of a move to increase Besra Gold Inc.'s ownership of the Bau Gold Project , Besra is pleased to announce that it has reached an agreement with Pangaea Resources Limited , a substantial shareholder of the Company and an entity associated with Besra's Chair , to acquire from Pangaea 1,802 shares in the issued share capital of North Borneo Gold Sdn Bhd . Given that NBG is the owner of Bau and that the NBG Shares are [...]
Besra Gold Inc. announces Binding Gold Purchase Agreement . Finance Facility Update Binding Gold Purchase Agreement for up to US$300m signed with major shareholder Quantum Metal Recovery Inc , giving effect to the non-binding term sheet previously announced . The Facility provides up to a US$300m deposit, to be paid over 30 months, against future gold production ounces, enabling Besra to fully fund production at Bau and [...]
Besra Gold Inc. is pleased to announce that the 'Initial Payment' of US$2m, from Quantum Metal Recovery Inc , has been received in Australia and being held in trust pending satisfaction of the Conditions Precedent as set out in the non-binding Term Sheet for a US$300m Offtake Funding Facility announced to ASX on 21 March 2023. Besra is entitled to a further US$3m 'Initial Payment' upon execution of the 'Facility [...]
Besra Gold Inc. is pleased to announce the appointment of Mr. Michael Higginson as Company Secretary. Mr. Higginson has a Bachelor of Business degree from Edith Cowan University, majoring in both Finance and Administration. Mr. Higginson is a professional director and company secretary with extensive experience in public company administration, ASX Listing Rules, the Corporations Act, capital raisings, public company [...]
Besra Gold Inc. announces that it has today released to the Australian Securities Exchange : You are invited to click on the link below to read in full this announcement. https://www.besra.com/20221121final-9-30-pm-bekajang-drill-results/ About Besra - www.besra.com Besra is a gold mining and exploration company focused on the exploration and development of the 3 Moz Bau Goldfield in East Malaysia. Besra's Bau Gold [...]
Highlights Up to US$300m gold pre-purchase and offtake non-binding drawdown funding facility term sheet , signed with major shareholder Quantum Metal Recovery Inc , which Besra believes to be one of the largest deals of its kind signed by an ASX listed junior. Post-completion the Facility provides up to a US$300m deposit, to be paid over 30 months against future production ounces, enabling Besra to fully fund production [...]
Besra Gold Inc. is pleased to advise, in accordance with ASX Listing Rule 3.16.1, that Ms. Jocelyn Bennett has been appointed as a non-executive Director and Chair of the Besra Board of Directors effective immediately. Ms. Bennett is a senior partner and director in InCoR Holdings PLC, a venture capital company, and a Director of Pangaea Resources Ltd. Ms. Bennett has a strong financial background and extensive accounting [...]
Besra Gold Inc. refers to the January 2023 Investor Update Announcement released on the ASX Market Announcements Platform on 20 January 2023. Besra wishes to clarify the Assay Results from Bekajang Drilling on page 3 have been previously reported in accordance with ASX Listing Rules 5.6 and 5.7 and JORC Code 2012 in the Announcement released on 22 November 2022 - "Exceptional High & Bonanza Grade Gold Intercepts Upgrade [...]
Summary Non-Renounceable 1 for 3 fully underwritten Entitlement Offer successfully completed on 3 January 2023, raising approximately A$5.1 million . Proceeds will be used for: Funding for pre-development works at Jugan, including pilot plant construction and commissioning ; Drilling including follow-up step-outs to determine the extent of bonanza grade gold mineralisation encountered in BKDDH-27 during the 2022 Bekajang [...]
Mr. Andrew Worland has informed the Board of Besra Gold Inc. that due to increased work commitments from his having accepted a new position as CEO of an ASX Listed mining entity he has decided to step down from the Board. Mr. Worland was Chairman of the Board during the Company's formative period during its listing on the ASX in October 2021. His fellow directors very much appreciate his input during his tenure. It is [...]
The Board of Besra Gold Inc. refers to its fully underwritten non-renounceable entitlement offer of one new CDI for every three CDIs, or three Common Shares held on the record date of 5:00 pm on Thursday, 1 December 2022 as announced to the market on Friday, 25 November 2022 . The Entitlement Offer closed at 5:00 pm on Tuesday, 20 December 2022. Other than as defined in this announcement, capitalised terms have the same [...]
HIGHLIGHTS Besra is undertaking a 1 for 3 Non-Renounceable Entitlement Offer of CDIs at $0.05 per CDI to raise approximately A$5.1m . Proceeds from the Entitlement Offer will be applied to: Jugan Resource Review & Feasibility Studies; Jugan Test Processing Plant;[1] Resource Exploration & Drilling; In-Country administration and overheads; and General working capital and administration. The offer price of $0.05 per CDI [...]
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