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
