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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