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Barton Gold Options Lapse, Trimming Future Equity Overhang

Story Highlights
  • Barton Gold has reported the lapse of over 1.4 million unlisted options.
  • These lapses remove a source of potential dilution, tightening Barton Gold’s future capital base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Barton Gold Options Lapse, Trimming Future Equity Overhang

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Barton Gold Holdings Limited ( (AU:BGD) ) has issued an announcement.

Barton Gold Holdings Limited has notified the market that several classes of unlisted options, all exercisable at nil consideration and expiring between June 2027 and June 2029, have lapsed after their vesting or other conditions were not, or could no longer be, satisfied. The lapse of a total of more than 1.4 million options reduces the company’s pool of potential future equity issuance under these instruments, modestly tightening its prospective capital structure and removing a tranche of contingent dilution for existing shareholders.

The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 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

Average Trading Volume: 681,592

Technical Sentiment Signal: Buy

Current Market Cap: A$316.1M

See more insights into BGD stock on TipRanks’ Stock Analysis page.

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