Institutional Placement Led by Franklin Templeton Complete

Rhea-AI Summary

Barton Gold Holdings (OTCQB:BGDFF / ASX:BGD) completed a $15.0m placement at $1.25 per share on 14 October 2025 with 12.0 million new shares issued, led by Franklin Templeton (initial ~3.8% interest). Barton opened a non‑underwritten $2.5m SPP at the same $1.25 price, opening 23 October 2025 and expected to close 6 November 2025 (may close early). Barton's expanded capital structure is 237,961,810 shares (pre‑SPP). The company said the raise positions it to target Stage 1 commissioning by end of 2026 and strengthens its cash for development in the Gawler Craton.

Positive

• Placement raised $15.0m at $1.25 per share
• SPP targeting $2.5m at the same $1.25 price
• Franklin Templeton acquired an initial ~3.8% stake

Negative

• Placement dilution ~5.04% increase in shares from 12.0m issuance
• Placement price was a 3.8% discount to last traded price

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 Managing Director a.scanlon@bartongold.com.au +61 425 226 649

Jade Cook Company Secretary cosec@bartongold.com.au +61 8 9322 1587

 

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.^*

Challenger Gold Project 313koz Au + fully permitted Central Gawler Mill (CGM) Tarcoola Gold Project 20koz Au in fully permitted open pit mine near CGM Tolmer discovery grades up to 84g/t Au & 17,600g/t Ag Tunkillia Gold Project 1.6Moz Au & 3.1Moz Ag JORC Mineral Resources Competitive 120kozpa gold & 250kozpa silver project Wudinna Gold Project 279koz Au project located southeast of Tunkillia Significant optionality, adjacent to main highway

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

FAQ

How much did Barton (BGDFF) raise in the institutional placement completed on 14 October 2025?

Barton completed a $15.0m placement priced at $1.25 per share with 12.0 million new shares issued.

When does Barton's $2.5m SPP (BGD / BGDFF) open and close?

The non‑underwritten SPP opens 23 October 2025 and is expected to close at 5:00pm AEDT on 6 November 2025 but may close early.

What stake did Franklin Templeton acquire in Barton (ASX:BGD) after the placement?

Franklin Templeton acquired an initial interest of approximately 3.8% of Barton’s expanded equity capital structure.

How many shares does Barton have after the placement and before the SPP?

Barton's expanded capital structure comprises 237,961,810 fully paid ordinary shares before the SPP.

What is Barton’s stated operational milestone after the capital raise?

The company is targeting 'Stage 1' commissioning by the end of 2026.

How do eligible Barton shareholders apply for SPP shares (BGD)?

Eligible shareholders must apply and pay by BPAY using the unique reference on their personalised application form.