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BRIEF-Besra Gold commences restructuring proceedings

Published 2015-10-21, 12:20 p/m
© Reuters.  BRIEF-Besra Gold commences restructuring proceedings

Oct 21 (Reuters) - Besra Gold Inc BSRAF.OB :
* Commences restructuring proceedings
* In best interests of Besra to commence restructuring proceedings under
Canadian law equivalent of US chapter 11
* Says "restructuring process will allow Besra to deal decisively with its cost
and debt structure "
* Says previously announced financing is currently on hold pending the outcome
of the restructuring
* Co's liquidity position affected due to various factors,including negative cash flow from operations in vietnam due to government intervention

* Source text for Eikon ID:nMKWcqvF2a

* Further company coverage BSRAF.OB

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