Australia's Besra Gold soars on shareholder nod for $300 mln funding

Besra Gold

25/07/2023 06:04

** Shares of Besra Gold Inc  BEZ.AX  climb as much as 37% to
A$0.37, set for biggest gain since May 9 if gains hold 
    ** The gold miner says it received shareholder approval for
$300 mln funding facility, which will remove need for dilutive
equity financing and project/corporate debt
   ** In consideration for facility, agreed to deliver up to 3
mln ounces of future gold produced from co's projects
    ** Stock touches highest level since May 11
    ** More than 8.4 mln shares change hands, 6x the 30-day
average volume 
    ** Stock has jumped five-fold this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))