Precious metals developer Barton Gold, which owns the only gold mill in the central Gawler Craton region of South Australia, is chasing fresh funds from equities investors.
The $210 million company has tasked stockbrokers Canaccord Genuity and MST Financial with selling new shares at 8.5¢ apiece to raise $25.5 million, according to a term sheet in front of fund managers. The offer price reflects a 3.4 per cent discount to the last close and a 7.3 per cent discount to the five-day volume-weighted average price.
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