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South Australian-focused gold miner Barton Gold Holdings Limited (ASX: BGD) is reporting keen interest in its ongoing share purchase plan (SPP), which aims to raise $1 million to develop projects in the Gawler Craton region.
The SPP is set to close on Friday April 26 at 5pm AWST – having opened on Tuesday April 9 – and given the strong interest in participation so far, Barton managing director Alex Scanlon suggested eligible shareholders should make applications to be involved while there was still time.
“The SPP is an opportunity for all eligible shareholders to extend their participation in Barton’s story alongside our institutional and sophisticated investors,” he said.
“We are honoured to receive such a significant early expression of support for the SPP, and we thank all our shareholders for their continued and growing support of our vision.
“Given the pace of early applications, we encourage any eligible shareholder who is interested to take up the SPP opportunity to apply as early as possible.”
Barton’s main development work focuses on two plays: the Tunkillia gold project – which has a mineral resource of 51.3 million tonnes at 0.91 grams per tonne of gold (for 1.5 million ounces of gold) – and the Tarcoola gold project, which revolves around brownfield open pit mining, with infrastructure including the nearby Central Gawler Mill, which is owned 100 percent by Barton.
Barton Gold Holdings is trading at 28c and are up almost 22 per cent dating back to the announcement of the SPP in early April.
