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Besra Gold Inc BSRAF

"Besra Gold Inc is a gold producer focused on Southeast Asia. It is engaged in the acquisition, exploration, development, mining of gold-bearing properties in Southeast Asia. Its properties include the Bau Goldfield in East Malaysia, Bong Mieu and Phuoc Son in Central Vietnam, and Capcapo in the Philippines. It also has operations in Malaysia, Philippines, and Laos and Cambodia."


GREY:BSRAF - Post by User

Comment by GoldTheoryon Jun 20, 2014 10:35am
281 Views
Post# 22679357

RE:The news! PP at ,057 cents

RE:The news! PP at ,057 cents
The link posted above is not the news release, its some kind of scam newsletter (seems it always is when its a tinyurl link). Here is an actual link:

https://www.juniorminingnetwork.com/junior-miner-news/news-releases/1138-tsx/bez/30469-besra-and-victory-corporation-agree-terms-for-a-us-14-25-million-placement.html#.U6REfmdOWHs

This deal is very dilutive but will allow Besra to pay back Europac the money it owes, advance the new project (bong or bau? I get the names mixed) and provide working capital for quite some time. This deal was literally a life saver and the fact that VCG was willing to invest $14million says they have a lot of faith in Besra going forward.
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