Ann: Share Purchase Plan Closes Heavily Oversubscribed, page-2

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Barra Resources Limited is pleased to announce that its $1 million Share Purchase Plan (SPP) closed on 7th December 2017 heavily oversubscribed with applications for $3.79 million received. The applications were received from over 500 shareholders who together own more than half of all the shares of the Company on issue.
Due to the overwhelming SPP demand and the ability to use these funds to fast track work at Mt Thirsty and on the Company’s gold assets, the Company has agreed to take oversubscriptions of $1.25 million, resulting in the issue of 50 million shares under the SPP at the issue price of 4.5 cents per share raising $2.25 million in total.