Besra CEO Pays Tribute to Departing Officers
TORONTO, ONTARIO -- (Marketwired) -- 07/24/13 -- Besra
(TSX:BEZ)(ASX:BEZ)(OTCQX:BSRAF)(FRANKFURT:OP6) CEO, John Seton, today
announced that Chief Technical Officer, Charles Barclay, Chief
Information Officer, Peter Tiedemann, and Vice-President Investor
Relations, James Hamilton have resigned as officers of the Company.
Seton said, "Charles, James, and Peter have been instrumental as
company executives in the development of our company over the last
eight years and I cannot thank each of them enough for their
dedication and commitment to achieving our vision.
"Charles joined us in 2006 as Country Manager to establish operations
at our Bong Mieu mine in Vietnam. He stepped up to the role of Chief
Operating Officer (COO) the following year to oversee the
feasibility, design, construction and commissioning of our Phuoc Son
mine and process plant. We now have two successful operations in
Vietnam largely resulting from Charles' vision and determination.
That the Phuoc Son plant, with a nameplate capacity of 500 tonnes per
day, is now processing over 1,500 tonnes per day without significant
modification is a testament to his work."
Charles Barclay moved from COO to Chief Technical Officer in 2011, a
position that saw him more focused on communicating with external
stakeholders, whilst still providing counsel to the Board. His
resignation as an officer of the company will allow him to follow
other opportunities in the international mining sector, but he will
remain involved with Besra on a consultancy basis for the Bau project
in East Malaysia and the Capcapo project in the Philippines.
"James has worked with Besra since 2005 in Investor Relations and has
played a major role in developing the company's Investor Relations
strategy, establishing and communicating with shareholder's bases in
North America and Europe, assisting in capital raises, and leading
the recent re-branding. He became an officer of the company on March
17, 2008, and has been a trusted, and valued member of the executive
management team. James will remain as a part-time employee with the
Company providing Investor Relations services in North America.
Peter Tiedemann joined Besra, then Olympus Pacific Minerals, in 2006,
as Chief Financial
"During his time as CFO, Peter championed our implementation of
Sarbanes-Oxley compliance and implementation of the requisite systems
on a minimal budget. From September 2010, when Peter became our Chief
Information Officer, he oversaw the planning and implementation of a
major system modernization program. During his time with Besra, Peter
has been a trusted advisor and mentor to senior management and the
Board, where his wealth of business experience and wise counsel were
highly valued," said Seton.
"For the Board of Directors, senior executives and the entire Besra
family, we thank Charles, James, and Peter for their invaluable
contribution to our company. We wish Charles, James, and Peter the
best in the future."
Besra is a diversified gold company focused on four advanced
properties; the Bau Goldfield in East Malaysia, Bong Mieu and Phuoc
Son in Central Vietnam, and Capcapo in the Philippines. Besra expects
to expand existing gold production capacity in Vietnam over the next
two years and is projecting new production capacity from Bau Central
during late 2015 (start up and production forecasts will depend on
the result of the current Jugan feasibility, which is scheduled for
completion in 2013).
Besra Gold Inc.
John A G Seton, Chief Executive Officer
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain of the statements made and information contained herein is
"Forward-looking information" within the meaning of applicable
securities laws, including statements concerning our plans at our
producing mines and exploration projects, which involve known and
unknown risks, uncertainties, and other factors which may cause the
actual results, performance or achievements of the Company, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. Forward-looking information is subject
to a variety of risks and uncertainties that could cause actual
events or results to differ from those reflected in the
forward-looking information, including, without limitation, failure
to establish estimated resources or to convert resources to mineable
reserves; the grade and recovery of ore which is mined varying from
estimates; capital and operating costs varying significantly from
estimates; delays in obtaining or failure to obtain required
governmental, environmental, or other project approvals; changes in
national and local government legislation or regulations regarding
environmental factors, royalties, taxation or foreign investment;
political or economic instability; terrorism; inflation; changes in
currency exchange rates; fluctuations in commodity prices; delays in
the development of projects; shortage of personnel with the requisite
knowledge and skills to design and execute exploration and
development programs; difficulties in arranging contracts for
drilling and other exploration and development services; dependency
on equity market financings to fund programs and maintain and develop
mineral properties; and risks associated with title to resource
properties due to the difficulties of determining the validity of
certain claims and other risks and uncertainties, including those
described in each management's discussion and analysis released by
the Company. In addition, forward-looking information is based on
various assumptions including, without limitation, the expectations
and beliefs of management; the assumed long-term price of gold; the
availability of permits and surface rights; access to financing,
equipment and labour and that the political environment in the
jurisdictions within which the Company operates will continue to
support the development of environmentally safe mining projects.
Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements, which speak only as of the date they are
made. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise
forward-looking information, whether as a result of new information,
future events or otherwise.
Besra Gold Inc.
+1 (416) 572 2525
TF: 1 888 902 5522 (North America) / 800 308 602 (Australia)
+1 (416) 572 4202 (FAX)
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