Quantum Metal Clarifies Position on Besra Gold Inc.’s 22 May 2025 Announcement
Penang, Malaysia – 25 May 2025:
Quantum Metal Sdn. Bhd. (QM), a shareholder and offtake partner of Besra Gold Inc. (ASX: BEZ) (“Besra”), hereby issues this formal public statement in response to Besra’s ASX announcement dated 22 May 2025. This clarification is provided to ensure that our position is clearly understood, to avoid any potential legal misinterpretation, and to ensure that all stakeholders are accurately informed.
Quantum Metal wishes to clarify the following key points regarding the matters raised:
1. Product Identification:
The “Gold Contract Note Device” referenced in Besra’s 22 May 2025 announcement refers to Quantum Metal’s proprietary “Digital Gold Miner” product, which was developed and is distributed by our affiliate, Quantum Metal Bullion (Australia) Pty Ltd (QMB). This device is exclusively a Quantum Metal product and is not a product of Besra Gold Inc. Besra has no involvement in the development, marketing, or distribution of the Digital Gold Miner.
2. Share Offerings Unrelated to Besra:
Quantum Metal further clarifies that any offer of shares mentioned in QMB’s promotional presentations (for example, the offer of “1,000 units of shares” in an ASX-listed gold mining company as a bonus with purchase) is entirely independent of Besra Gold Inc. Such share offers by QMB are not connected to any securities issued or offered by Besra, and Besra has not authorized or endorsed any such offerings. Any share incentives described in QMB’s materials are promotions by QMB alone and have no involvement from Besra.
3. Review of Presentation Content:
QMB is currently reviewing the content of the presentation referenced in Besra’s announcement. Should any information in that presentation be found to be inaccurate or misleading, QMB will take immediate corrective action to address and rectify the issue. Quantum Metal and its affiliates are committed to ensuring all information providing to investors and public is accurate and in full compliance with applicable regulations.
4. Legal Actions and Governance:
As a concerned shareholder, Quantum Metal has initiated litigation proceedings involving Besra’s Board of Directors. This action has been taken to safeguard our rights as a shareholder and to seek an independent review of recent decisions made by Besra’s Board. Quantum Metal will continue to work with the appropriate authorities and pursue legal clarification to confirm the legality of the Board’s actions. Our aim is to ensure that Besra’s corporate governance practices remain transparent, lawful, and in the best interest of all shareholders.
5. Forward-Looking Commitment:
Quantum Metal remains committed to transparency and to protecting the interests of our stakeholders. We will continue to monitor the situation closely and will provide further updates when appropriate. Stakeholders and the investing public can expect additional information or clarification from Quantum Metal as additional information becomes available or as we obtain further guidance from legal and regulatory reviews.
This announcement is issued solely by Quantum Metal in its own capacity. It has not been made in conjunction with Besra Gold Inc., and it does not reflect the views or opinions of Besra. The statements above represent the position of Quantum Metal and its subsidiaries independently.
