Letter to Eligible Shareholders and SPP Booklet

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Stock Barton Gold Holdings Ltd (BGD.ASX)
Release Time 23 Oct 2025, 8:38 a.m.
Price Sensitive Yes
 Barton Gold Holdings Ltd announces Share Purchase Plan
Key Points
  • Raise up to $2.5 million through a non-underwritten Share Purchase Plan
  • Issue price of $1.25 per share, representing a 3.8% discount to last traded price
  • Proceeds to advance technical feasibility studies and Tunkillia Gold Project
Full Summary

Barton Gold Holdings Limited (ASX: BGD) has announced a share purchase plan (SPP) to raise up to $2.5 million. The SPP provides eligible shareholders the opportunity to apply for up to $30,000 worth of new shares without incurring brokerage or transaction costs. The issue price of the SPP shares is $1.25 per share, which represents a 3.8% discount to Barton's last traded price of $1.30 per share and a 7.6% premium to the company's 1-month VWAP of $1.16 per share. Proceeds from the SPP, along with a $15 million placement, will be used to advance technical feasibility studies targeting commissioning of the Central Gawler Mill for 'Stage 1' operations, upgrade drilling of the Tunkillia Gold Project for conversion of JORC 'Mineral Resources' to 'Ore Reserves', and completing a Tunkillia Pre-Feasibility Study and Mining Lease application by the end of 2026. Participation in the SPP is optional and open to eligible shareholders registered as holders of shares at 5:00pm (AEDT) on Monday, 13 October 2025 and whose registered address is in Australia or New Zealand. Barton's Directors have indicated their intention to participate in the SPP, subject to not displacing general public demand.