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Announces Voting Results from Extraordinary Meeting of Noteholders

  • Written by Newsfile

Auckland, New Zealand--(Newsfile Corp. - December 4, 2020) - Besra Gold Inc. ("Besra" or the "Company"), is pleased to announce that all matters submitted to Noteholders for approval as set out in detail in the Company's Management Information Circular dated October 16, 2020, and in the Supplement to the Management Information Circular ("Supplement"), dated November 10, 2020, and filed on SEDAR, were approved by the requisite majority of votes cast at the adjourned Extraordinary Meeting ("Meeting") of holders of 3% unsecured convertible redeemable notes ("Notes") of the Company, held via webcast on Thursday, December 3, 2020. A total of 42,024 Notes of Besra were represented by Noteholders in person or by proxy at the Meeting, representing 88.50% of the Company's outstanding Notes.

Specifically, shareholders voted to approve the Noteholder Resolution, which proposed the reorganisation and amendment of the Notes as described more fully in the Supplement. The Noteholder Resolution presented was a component of, and precondition to, the Company's proposed IPO on the Australian Securities Exchange.

Detailed results of the voting are set out below:

Approval of the Noteholder Resolution

Outcome of Votes Votes For % For Votes Against % Against
Carried 28,209.606820 67.13 13,814.939550 32.87


Full details of all proposals are described in the Company's Management Information Circular and the Supplement, available on the Company's website at and on SEDAR at[1][2]

For further information: John Seton, Chief Executive Officer, E:, Meghan Lewis, Head, Corporate Development, E: [3][4]


Besra is a company focused on the exploration, and development of the Bau Goldfield in East Malaysia.

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements made and information contained herein is "Forward-looking information" within the meaning of applicable securities laws, including statements concerning our plans at our producing mines and exploration projects, which involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, failure to establish estimated resources or to convert resources to mineable reserves; the grade and recovery of ore which is mined varying from estimates; capital and operating costs varying significantly from estimates; delays in obtaining or failure to obtain required governmental, environmental, or other project approvals; changes in national and local government legislation or regulations regarding environmental factors, royalties, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; delays in the development of projects; shortage of personnel with the requisite knowledge and skills to design and execute exploration and development programs; difficulties in arranging contracts for drilling and other exploration and development services; dependency on equity market financings to fund programs and maintain and develop mineral properties; and risks associated with title to resource properties due to the difficulties of determining the validity of certain claims and other risks and uncertainties, including those described in each management's discussion and analysis released by the Company. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of gold; the availability of permits and surface rights; access to financing, equipment and labour and that the political environment in the jurisdictions within which the Company operates will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

For Further Information

James W. HamiltonInvestor Relations ServicesPhone: +1-416-471-4494Email:[6]

To view the source version of this press release, please visit[7]


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