Besra Announces: A Further US$9,827,854.60 to Be Received From Quantum
Besra Announces: A Further US$9,827,854.60 to Be Received From Quantum
Perth, Western Australia--(Newsfile Corp. - December 28, 2023) - Besra Gold Inc (ASX: BEZ) (ARBN 141 335 686) (Besra or the Company) is very pleased to advise that Quantum Metal Recovery Inc (Quantum) is to remit a further US$9,827,854.60 to Besra.
The US$9,827,854.60 is to be remitted by Quantum (Besra's largest CDI holder) in accordance with the terms and conditions of the binding US$300 million Gold Purchase Agreement (GPA) announced to ASX on 9 May 2023.
Under the terms of the GPA, the Company has agreed to sell to Quantum a quantity of refined gold from the Bau Gold Project (or any other gold project owned by the Company or its subsidiaries at any time) until:
- 3,000,000 ounces of refined gold has been received by Quantum; or
- aggregate deposits in an amount equivalent to US$300,000,000 (Facility) have been received by the Company from Quantum.
Pursuant to the Facility, Quantum has now committed to Besra a total of US$35,474,180.25.
As per the GPA, Besra is entitled to deploy the proceeds of the Facility for a variety of uses, including exploration, feasibility studies, mine development purposes and working capital. Commissioning of the pilot plant and updating the 2012 Bau Feasibility Study are Besra's primary objectives.
The Company reminds CDI holders that the Facility is not debt, is interest-free and is expected to remove the need for dilutive equity financing and project/corporate debt that would encumber Besra with hedging requirements and/or onerous covenants.
This announcement was authorised for release by the Board of Besra Gold Inc.
For further information:
Australasia
Michael Higginson
Company Secretary
Email: michael.higginson@besra.com
North America
James Hamilton
Investor Relations Services
Mobile: +1 416 471 4494
Email: jim@besra.com
To view the source version of this press release, please visit
Perth, Western Australia--(Newsfile Corp. - December 28, 2023) - Besra Gold Inc (ASX: BEZ) (ARBN 141 335 686) (Besra or the Company) is very pleased to advise that Quantum Metal Recovery Inc (Quantum) is to remit a further US$9,827,854.60 to Besra.
西澳大利亞州珀斯--(Newsfile Corp.-2023 年 12 月 28 日)- Besra Gold Inc (ASX: BEZ) (ARBN 141 335 686) (貝斯拉 或者 公司) 很高興地告知量子金屬回收公司 (量子)將再向貝斯拉匯款9,827,854.60美元。
The US$9,827,854.60 is to be remitted by Quantum (Besra's largest CDI holder) in accordance with the terms and conditions of the binding US$300 million Gold Purchase Agreement (GPA) announced to ASX on 9 May 2023.
根據具有約束力的3億美元黃金購買協議的條款和條件,9,827,854.60美元將由Quantum(Besra最大的CDI持有者)匯出(GPA) 於 2023 年 5 月 9 日向澳大利亞證券交易所宣佈。
Under the terms of the GPA, the Company has agreed to sell to Quantum a quantity of refined gold from the Bau Gold Project (or any other gold project owned by the Company or its subsidiaries at any time) until:
根據GPA的條款,公司已同意向Quantum出售一定數量的Bau黃金項目(或公司或其子公司隨時擁有的任何其他黃金項目)的精煉金,直到:
- 3,000,000 ounces of refined gold has been received by Quantum; or
- aggregate deposits in an amount equivalent to US$300,000,000 (Facility) have been received by the Company from Quantum.
- Quantum 已經收到了 3,000,000 盎司的精煉黃金;或
- 存款總額相當於3億美元 (設施) 已由公司從 Quantum 收到。
Pursuant to the Facility, Quantum has now committed to Besra a total of US$35,474,180.25.
根據該基金,昆騰現已承諾向貝斯拉提供總額爲35,474,180.25美元。
As per the GPA, Besra is entitled to deploy the proceeds of the Facility for a variety of uses, including exploration, feasibility studies, mine development purposes and working capital. Commissioning of the pilot plant and updating the 2012 Bau Feasibility Study are Besra's primary objectives.
根據GPA,Besra有權將該基金的收益用於各種用途,包括勘探、可行性研究、礦山開發目的和營運資金。試點工廠的調試和更新2012年Bau可行性研究是Besra的主要目標。
The Company reminds CDI holders that the Facility is not debt, is interest-free and is expected to remove the need for dilutive equity financing and project/corporate debt that would encumber Besra with hedging requirements and/or onerous covenants.
該公司提醒CDI持有人,該融資不是債務,是免息的,預計將消除對稀釋性股權融資和項目/公司債務的需求,這將使Besra面臨套期保值要求和/或繁瑣的契約。
This announcement was authorised for release by the Board of Besra Gold Inc.
本公告已獲Besra Gold Inc董事會授權發佈。
For further information:
欲了解更多信息:
Australasia
Michael Higginson
Company Secretary
Email: michael.higginson@besra.com
大洋洲
邁克爾·希金森
公司秘書
電子郵件: michael.higginson@besra.com
North America
James Hamilton
Investor Relations Services
Mobile: +1 416 471 4494
Email: jim@besra.com
北美
詹姆斯漢密
投資者關係服務
手機:+1 416 471 4494
電子郵件: jim@besra.com
To view the source version of this press release, please visit
要查看本新聞稿的源版本,請訪問
譯文內容由第三人軟體翻譯。
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