BEZ 1.01% 9.8¢ besra gold inc.

2 August 2023Resignation of DirectorBesra Gold Inc (ASX:BEZ)...

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    2 August 2023
    Resignation of Director
    Besra Gold Inc (ASX:BEZ) (Besra or the Company) advises that, on 1 August 2023, it received the
    resignation of Jocelyn Bennett as a Director of the Company.
    Ms Bennett is both a director and shareholder of Pangaea Resources Ltd (a substantial
    shareholder, holding a 15.93% interest in Besra). Since Pangaea’s initial investment in the
    Company some ten years ago, Ms Bennett has served two terms of office as a Director of Besra
    from November 2016 to January 2021 and from February this year to date. She was instrumental
    in injecting significant new finance into the Company, enabling the Company to restructure and
    refocus its efforts on rebuilding shareholder value based on the world-class Bau Gold Project in
    East Malaysia and re-list in 2021.

    Quote from Ms Bennett
    “Pangaea has always been a strong believer in and supporter of both Besra and the Company’s
    Bau Gold Project. My support for the Company is unwavering and I reaffirm Pangaea’s belief in
    the Company and its transformational deal with Quantum.
    “Notwithstanding my resignation, Pangaea fully supports Besra and expects to remain a
    significant shareholder.
    The Besra Board recognises and sincerely thanks Jocelyn for her considerable long-term support
    of the Company and more recently for her hard work.
    J
    ----------------------------------------------------------------
    The writing was on the wall, with those 2 words used back in August.

    Maybe reinvesting / new business goal / World Holiday / Wants out / Hidden agenda who knows.

    Long-term goal nothing has really changed.
    It's in the ground and a deal has been struck. Tick

    Short-term, enjoy the rollercoaster ride.
 
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