Results of Share Purchase Plan
Accessnewswire·2025-11-10 22:25

Core Insights - Barton Gold Holdings Limited has successfully raised $20 million in cash, bolstered by a recent $15 million institutional placement and a Share Purchase Plan (SPP) that opened on October 23, 2025 [1] Financial Highlights - The SPP allowed eligible subscribers to purchase new shares at $1.25 each, which is a 3.8% discount to Barton's last traded price of $1.30 before the placement announcement [1] - The share price of $1.25 represents a 7.6% premium to Barton's one-month volume-weighted average price (VWAP) of $1.16 and a 9.2% premium to the last traded price of $1.145 prior to settlement on October 21, 2025 [1] Project Developments - A Definitive Feasibility Study (DFS) is currently underway for 'Stage 1' production at the Central Gawler Mill [1] - Drilling for JORC Mineral Resources is progressing rapidly at the 'Stage 2' Tunkillia Gold Project [1]