$3m Institutional Placement Complete, SPP Launch Next Week
Barton advancing to Tunkillia studies & Tarcoola high-grade drilling
HIGHLIGHTS
- $3m Placement to institutional and sophisticated investors completed
- $1m Share Purchase Plan (SPP) opens Tuesday, 9 April 2024
- ~$6m estimated pro-forma cash after Placement, but before proceeds from planned SPP or Barton's ongoing gold concentrates sales tender
Dear Investors & Colleagues,
We are pleased to confirm that Barton has completed its institutional placement toraise $3 million to fund Tunkillia studies and Tarcoola high grade drilling.
The Company now has estimated pro-formacash on hand of ~$6 million, before any proceeds from the planned SPP which will launch next week, or pending gold concentrates sales.
The SPP is an opportunity for all eligible shareholders to extend their participation in Barton's story. We are very well capitalised to pursue our objectives, and we encourage eligible shareholders to take up the opportunity ahead of another very busy year.
A detailed copy of this announcement can be found on the ASX platform and the Company's websitehere.Regards,
Alex Scanlon
MD & CEO
Now some nice high grade extensions from the Tarcoola prospect to add to the mill restart case and get some cash flows in the next couple years whilst gold is reaching new all time highs.
In life as in comedy, it's all about timing.
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