Besra Gold Faces Bid to Remove Greentree, Appoint Two Directors and Enforce GPA Disclosures
Besra Gold received a shareholder requisition proposing removal of director Matthew Greentree and appointment of Peter Crooks and Matthew Antill at the June 16/17 meeting. It also demands quarterly reports on Quantum Metal Recovery’s obligations, shareholdings and associates and approval for alternate funding under the May 2023 Gold Purchase Agreement.
1. Shareholder Requisition Details
Besra Gold’s board deemed the March 2 requisition valid under Section 143, seeking removal of Matthew Greentree and election of Peter Crooks and Matthew Antill as directors, subject to shareholder vote at the June 16/17 meeting.
2. GPA Resolution Proposals
Four resolutions target the May 8, 2023 Gold Purchase Agreement with Quantum Metal Recovery, requiring majority security holder approval for any amendments or alternate funding, and mandating quarterly disclosure of QMRI’s obligations, shareholdings, associates and audited financial statements.
3. Special Meeting Schedule and Next Steps
The special meeting will convene on June 16 (EDT) / June 17 (AWST); a management information circular will be mailed to record date shareholders detailing the resolutions and voting procedures.