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Asara Resources Maintains $60m Placement After Barbet Cuts Stake
9:45am on Monday 29th of June, 2026 AEST
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Mining
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Asara Resources Maintains $60m Placement After Barbet Cuts Stake
9:45am on Monday 29th of June, 2026 AEST
Key Points
Barbet LLC reduces placement subscription from 35.7m to 4.9m shares
Remaining 30.7m shares placed with institutional investors at $0.125 each
Total placement size remains $60 million before costs
Proceeds earmarked for drilling, mine design, and infrastructure at Kada
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Asara Resources (ASX:AS1)
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