Besra Gold Inc., a prominent mining company listed on the Australian Securities Exchange (ASX: BEZ), has recently made a significant announcement regarding a request for a trading halt on its securities. The company, based in Melbourne, Victoria, Australia, sent a formal communication to the Australian Securities Exchange Limited, located in Perth, requesting the halt.

The trading halt, in accordance with Listing Rule 17.1, was sought by Besra Gold Inc. pending the release of an important announcement related to a Cease Trade Order issued by the Ontario Securities Commission. This regulatory development has prompted the company to temporarily suspend trading of its securities. Besra Gold Inc. anticipates that this trading halt will be lifted by the commencement of trading on Wednesday, March 12, 2025, subject to the release of the pending announcement regarding the Cease Trade Order.

Michael Higginson, the Company Secretary, and James Hamilton, in Investor Relations, have been actively involved in managing this process. Higginson, in a formal communication, expressed the company’s expectation that the trading halt will be lifted once the necessary announcement is made to the market. Besra Gold Inc. has assured that there are no known reasons to withhold the trading halt and has committed to providing all relevant information to the market in due course.

This development signifies a crucial regulatory event that has prompted Besra Gold Inc. to take proactive measures to comply with regulatory requirements and keep its stakeholders informed. The company’s decision to request a trading halt demonstrates its commitment to transparency and adherence to regulatory protocols.

Besra Gold Inc. has a history of active engagement in the mining sector, particularly in the exploration and extraction of precious metals. The company’s operations have been subject to regulatory oversight in various jurisdictions, including Ontario, where the recent Cease Trade Order originated. Such regulatory interventions are not uncommon in the mining industry, given its complex regulatory landscape and the need for companies to navigate diverse legal requirements.

In conclusion, Besra Gold Inc.’s request for an ASX trading halt underscores the impact of regulatory actions on mining companies and highlights the importance of compliance and transparency in the sector. The company’s forthcoming announcement regarding the Cease Trade Order will provide clarity to investors and the market, enabling informed decision-making in response to this regulatory development.