Ann: US$300m Finance Facility and Management changes, page-106

From The Market Herald. Watch as news filters over the coming days….

‘The agreement is expected to be one of the largest deals of its kind signed by an ASX listed junior.

Besra has already pocketed the first US$2 million instalment of the US$5 million initial deposit, and is targeting full operational status by 30 June 2023.

“…this extraordinary funding deal should provide ample funding for the development of Bau and allows us to bring the project into production in a way that is uniquely non-dilutive to our shareholders and to retain exposure to gold price movements, free of hedging or other onerous covenants,” Executive Chair Jocelyn Bennet said.