Besra emerges from BIA proceedings

Auckland, New Zealand: 15 May 2017 – Besra Gold Inc advises that MNP Ltd has certified that Besra’s proposal, as filed with the official receiver on 29 January 2016 (and as amended on 13 March 2016) has been fully performed as of 12 May 2017.

Announcing the receipt of the Certificate of Full Performance, Besra CEO John Seton said, “This brings to a close a particularly difficult period in our Company’s history.  We are very pleased to have resolved the creditor position and to have been formally released from administration.

“The outstanding audits are well advanced and, once they are completed, our filing deficiencies will be brought up to date and the Cease Trade Order lifted.  This then clears the way for an eventual relisting on an appropriate bourse.

“Exploration has recommenced at our extensive Bau Goldfield property in East Malaysia and the Company is now working towards rebuilding shareholder value.”

Full details of the proposal and all related documents may be found on MNP Ltd’s website at bit.ly/MNP_BEZ

Exchanges

See our media release of 17 October 2014. Previously listed on:
TSX:BEZ
ASX:BEZ
FRANKFURT:OP6

Important note

Besra was formerly known as Olympus Pacific Minerals. We changed our name to Besra in November 2012.