FinTechFunding

Besra Gold: Launches placement with major shareholder

Besra Gold Launches placement with major shareholder

  • Besra Gold (BEZ) is getting a $1 million boost through an agreement with major shareholder, Quantum Metal Recovery
  • Quantum is subscribing for roughly 11.1 million CDIs at nice cents each, marking a substantial premium to the company’s closing price of 3.2 cents on October 7
  • BesraGold says it’s excited by the enthusiasm Quantum has shown to support its exploration and development plans for the Bau gold project in Malaysia
  • Based in the US, Quantum Metal Recovery acquired a 9.72 per cent stake in the company in August
  • BEZ shares soared 61.3 per cent to close at five cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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