Gold developer Besra Gold is on the hunt for a new CEO, with the company also giving power to a $300-million gold pre-purchase and offtake funding deal struck with shareholder Quantum Metal Recovery in March.
Besra said on Tuesday that the company had now signed a binding gold purchase agreement with Quantum, with the $300-million in funding to be paid over 30-months against future production ounces. The funding would enable the company to fully fund production at its Bau gold project, in Malaysia, as well as to fund the appraisal of other deposits within the Bau goldfield corridor.
Besra Gold Announces: Further Steps to Move 3Moz Bau Gold Project Closer to Production streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.