Besra Gold Inc. is currently experiencing significant shareholder activism surrounding a special meeting of its shareholders. The meeting is scheduled to take place on 24 June 2025 at 11:30 a.m. (Sydney, Australia time) at the offices of Hall Chadwick in Sydney. Shareholders are urged to vote prior to the CDI voting deadline on 18 June 2025. Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, has recommended that shareholders vote to remove Dato' Lim Khong Soon from the board of directors. ISS has raised concerns regarding governance failures and potential conflicts of interest associated with Mr. Lim, who controls Quantum Metal Recovery Inc. ISS also advises against accepting Quantum's proposed changes to the board, citing a lack of a strategic plan and failure to justify the proposed alterations. David Potter, Besra's Non-Executive Chair, supports ISS's recommendations, emphasizing the importance of shareholder votes to prevent Quantum from replacing the current independent directors with its own nominees. Shareholders are encouraged to review detailed information available in Besra's management information circular to make informed decisions.
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