Barton Gold Holdings Completes AU$26 Million Share Placement
MT Newswires Live
Jun 10
Barton Gold Holdings (ASX:BGD) completed a placement to institutional investors, raising a gross AU$25.9 million through the issuance of about 30.5 million new shares at a price of AU$0.85 each, according to a Wednesday filing with the Australian bourse.
Barton said it slightly increased the placement volume due to additional demand from existing North American investors. The placement was fully supported ahead of its launch and was significantly oversubscribed at closing.
The company estimates the placement's total costs to be less than 2.5% of the total proceeds, it said.
Shares of Barton Gold fell nearly 1% in recent Wednesday trade.
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