Bathurst Resources Opens AU$3 Million Share Purchase Plan

MT Newswires Live

2025/04/02

Bathurst Resources (ASX:BRL) reported the opening of its non-underwritten share purchase plan of up to AU$3 million on Wednesday, according to a same-day Australian bourse filing.

The offer is expected to close on April 16.

Shareholders will be able to acquire up to AU$30,000 worth of ordinary shares at AU$0.74 per share.

The company will use the proceeds to fund approvals and permitting of the Buller project in New Zealand and the Tenas project in Canada, as well as for working capital.

Bathurst Resources' shares fell almost 2% in recent trading on Wednesday.

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