** Shares of Besra Gold fall as much as 20.4% to A$0.074, their biggest intraday pct fall since mid July
** Stock hits lowest level since Sept. 19
** Gold miner says legal proceedings for dealings with Quantum Metal Recovery in Ontario court begin
** Co says proceedings seek damages for negligent misrepresentation of C$2.0 mln ($1.48 mln), others
** BEZ in process of seeking legal advice
** Over 1.2 mln shares traded, 2.2x the 30-day average volume
** Stock down 38% YTD as of last close
($1 = 1.3486 Canadian dollars)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
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