Bathurst Resources Ltd (ASX: BRL) Secures A$34.4 Million Placement for Strategic Growth

Tue 25 Mar 25, 04:05 AM | Team Kalkine

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Highlights

Bathurst Resources announces A$34.4 million raised through placement of 46.5 million shares

The placement includes cornerstone investments from South East Asian strategic investors

A Share Purchase Plan (SPP) will also raise up to A$3 million to support growth initiatives

Bathurst Resources Ltd (ASX:BRL) has successfully secured firm commitments for a single tranche placement, raising approximately A$34.4 million (before costs) by issuing about 46.5 million new fully paid ordinary shares. The placement was priced at A$0.74 per share and attracted strong interest, with approximately 75% of the commitments coming from new South East Asian strategic investors. Following the completion of the placement, these investors will hold around 15% of Bathurst’s shares.

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