BGD 4.17% 25.0¢ barton gold holdings limited

Look out Barton Marmota is coming after you, page-2

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    Why has BGD not released this ?

    Marmota to commence Supreme Court Proceedings against Barton
    Marmota Limited (‘Marmota’ ASX:MEU) and its wholly owned subsidiary, Half Moon Pty Ltd
    (‘Half Moon’), advises that it has issued a pre-action claim pursuant to Rule 61.7 of the
    Uniform Civil Court Rules 2020 (SA) giving formal notice of the intent to commence
    proceedings in the Supreme Court of South Australia against Barton Gold Holdings Ltd
    (‘Barton’ ASX:BGD) and Barton’s wholly owned subsidiary Challenger 2 Pty Ltd (‘Challenger 2’).
    ▪ Half Moon is the Manager and majority partner (78.84%) in the Western Gawler Craton
    Joint Venture (‘WGCJV’). The WGCJV has existed since 2010 and includes the
    Sandstone JV which has existed since 1995.
    ▪ As of 31 March 2023, more than $9.5 million has been contributed by the relevant
    parties to the WGCJV, and which has already given rise to the discovery of 6 gold
    deposits with confirmed gold JORC resources.
    ▪ The percentage ownership of the WGCJV and respective contributions are as follows:
    ▪ Half Moon: 78.84%, contribution to 31 March 2023 of: $7,527,046
    ▪ Challenger 2: 21.16%, contribution to 31 March 2023 of: $2,020,530
 
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