on Barton Gold Holdings Limited (ASX:BGD)
Barton Gold Holdings Completes $15m Institutional Placement
Barton Gold Holdings Limited has announced the completion of a $15 million institutional placement led by Franklin Templeton, marking an approximately 3.8% stake in the company's expanded equity. The placement was priced at $1.25 per share, reflecting a 3.8% discount to Barton's last traded price and a premium over its one-month VWAP. The initiative will be followed by a $2.5 million Share Purchase Plan (SPP) opening on October 23, 2025.
The placement involved issuing 12 million new shares, welcoming Franklin Templeton and other institutions like Donald Smith Value Fund, L.P. to Barton's share register. Barton is targeting the commissioning of ‘Stage 1’ production by the end of 2026, aligning with its plans to advance gold projects in the Gawler Craton, South Australia.
Barton emphasizes that existing North American investors continue to support its strategic goals. Eligible shareholders are encouraged to participate in the SPP, which closes on November 6, 2025. However, the SPP may close early due to high demand. Barton Managing Director, Alexander Scanlon, highlighted the strengthened share register as a positive step towards future growth.
R. H.
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