Besra Gold Inc Receives Cease Trade Order from OSC Due to Reporting Compliance Issue

Besra Gold Inc (ASX: BEZ) announces that it has received a Cease Trade Order (CTO) from the Ontario Securities Commission (OSC) due to the late filing of its interim financial statements for the period ended 31 December 2024. The delay arose from a classification change under Canadian law, where Besra, following its ASX listing in 2021, became subject to stricter reporting obligations as a non-venture issuer. This requires shorter filing deadlines, additional internal audit requirements, and enhanced disclosures.

The CTO restricts Canadian investors from trading Besra securities unless through an ASX-registered dealer. Besra is actively addressing these compliance issues with its auditors, aligning its reporting with non-venture issuer standards. Despite the CTO, Besra maintains compliance with ASX listing rules and confirms that its financial reporting aligns with ASX-listed exploration company standards. The company will submit its audit-reviewed Half-Year Report for the six months ended 31 December 2024 to the ASX.

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