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Barton Gold Holdings Limited ( (AU:BGD) ) just unveiled an update.
Barton Gold Holdings Limited has issued 528,000 fully paid ordinary shares as part of a capital raise, utilizing its existing capacity under ASX Listing Rule 7.1. This move aligns with the company’s strategy to bolster its financial position and support its ongoing gold production initiatives. The issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant legislative provisions. This capital raise is expected to enhance Barton’s operational capabilities and strengthen its position in the gold mining industry.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
More about Barton Gold Holdings Limited
Barton Gold Holdings Limited is an Australian gold developer listed on the ASX, OTCQB, and Frankfurt Stock Exchange. The company is focused on future gold production, targeting 150,000 ounces per annum with significant mineral resources in gold and silver. Barton Gold owns the only gold mill in the Gawler Craton region of South Australia and operates several projects including the Challenger, Tarcoola, Tunkillia, and Wudinna Gold Projects.
Average Trading Volume: 737,715
Technical Sentiment Signal: Buy
See more data about BGD stock on TipRanks’ Stock Analysis page.