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Institutional Placement Led by Franklin Templeton Complete
Targeting commissioning of 'Stage 1' production by the end of 2026
HIGHLIGHTS
$15m Placement led by Franklin Templeton; $2.5m Share Purchase Plan (SPP) opens tomorrow
Placement and SPP price of $1.25 / share represents a:
Discount of 3.8% to Barton's last traded price of $1.30 before the Placement announcement;
Premium of 7.6% to Barton's 1 month (20 trading day) VWAP of $1.16 on the same day; and
Premium of 9.2% to Barton's last traded price of $1.145 yesterday, 21 October 2025.
ADELAIDE, AU / ACCESS Newswire / October 21, 2025 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) (Barton or the Company) is pleased to confirm that a $15m placement to institutional investors announced on 14 October 2025 has been completed (Placement).1 The Placement was priced at $1.25 per share, with 12 million new Placement shares issued.1
The Placement was led by Franklin Templeton which has acquired an initial ~3.8% interest in Barton's expanded equity capital structure following completion. Barton also welcomes Donald Smith Value Fund, L.P. and other new institutions to its share register, and thanks its existing North American investors for their further support. Barton's expanded capital structure now comprises 237,961,810 fully paid ordinary shares (before the SPP).
Barton is also opening a non-underwritten SPP targeting $2.5m (before costs), allowing eligible shareholders to acquire new Barton shares at the same Placement price (SPP Offer).1 The SPP Offer will open tomorrow, 23 October 2025 with a letter to shareholders (Letter) and booklet containing the full SPP details (SPP Offer Booklet) published on the ASX. The Letter and an application form will be available to eligible shareholders.
The SPP is expected to close at 5:00pm (AEDT) on Thursday, 6 November 2025. However, Barton may close the SPP early without notice. The Company notes that the Company's last SPP, opened on Tuesday, 9 April 2024 was heavily oversubscribed and closed early after only one week.2 Interested Eligible Shareholders are therefore encouraged to apply as soon as possible following the opening of the SPP.
To apply for SPP Shares, you must make payment directly by BPAY using the unique reference number shown on your personalised application form. You can obtain a copy of your personalised application form online - prior to receipt of materials posted by mail - with your Securityholder Reference Number (SRN) or Holder Identification Number (HIN). Further details will be included in the Letter.
Commenting on the Placement and SPP, Barton Managing Director Alexander Scanlon said:
"This Placement further strengthens our already high quality share register, and is a further endorsement of Barton's strategic regional platform and strategy. We thank our new and existing institutional shareholders for their support as we enter the next phase of our corporate evolution, targeting 'Stage 1' commissioning by the end of 2026. We have an exciting journey ahead in South Australia as we lead the re-establishment of the Gawler Craton's gold district.
"Barton is very well capitalised to pursue its objectives. The SPP is an opportunity for all other eligible shareholders to extend their participation in Barton's story."
Authorised by the Board of Directors of Barton Gold Holdings Limited.
For further information, please contact:
Alexander Scanlon | Jade Cook |
About Barton Gold
Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 2.2Moz Au & 3.1Moz Ag JORC Mineral Resources (79.9Mt @ 0.87g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.*
Competent Persons Statement & Previously Reported Information
The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC).
Activity | Competent Person | Membership | Status |
Tarcoola Mineral Resource (Stockpiles) | Dr Andrew Fowler (Consultant) | AusIMM | Member |
Tarcoola Mineral Resource (Perseverance Mine) | Mr Ian Taylor (Consultant) | AusIMM | Fellow |
Tarcoola Exploration Results (until 15 Nov 2021) | Mr Colin Skidmore (Consultant) | AIG | Member |
Tarcoola Exploration Results (after 15 Nov 2021) | Mr Marc Twining (Employee) | AusIMM | Member |
Tunkillia Exploration Results (until 15 Nov 2021) | Mr Colin Skidmore (Consultant) | AIG | Member |
Tunkillia Exploration Results (after 15 Nov 2021) | Mr Marc Twining (Employee) | AusIMM | Member |
Tunkillia Mineral Resource | Mr Ian Taylor (Consultant) | AusIMM | Fellow |
Challenger Mineral Resource (above 215mRL) | Mr Ian Taylor (Consultant) | AusIMM | Fellow |
Challenger Mineral Resource (below 90mRL) | Mr Dale Sims | AusIMM / AIG | Fellow / Member |
Wudinna Mineral Resource (Clarke Deposit) | Ms Justine Tracey | AusIMM | Member |
Wudinna Mineral Resource (all other Deposits) | Mrs Christine Standing | AusIMM / AIG | Member / Member |
The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at www.bartongold.com.au or on the ASX website www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements.
Cautionary Statement Regarding Forward-Looking Information
This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof.
1Refer to ASX announcement dated 14 October 2025
2Refer to ASX announcements dated 27 March and 5 / 9 / 15 / 16 / 19 / 23 April 2024
* Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 8 September 2025. Total Barton JORC (2012) Mineral Resources include 1,049koz Au (39.7Mt @ 0.82 g/t Au) in Indicated category and 1,186koz Au (40.2Mt @ 0.92 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources.
SOURCE: Barton Gold Holdings Limited
View the original press release on ACCESS Newswire
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