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Barys Resources Limited (ASX:BRY)

ALERT: Price-sensitive ASX Announcement for BRY
Current share price for BRY : $0.009 -0.01 (-52.63%)+
Announcement
Release
14 Sep 2026 5:51PM
Price at Release
$0.019
Full Release
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Summary
Barys Resources Limited announced a 1 for 1 renounceable entitlement offer priced at 1.0 cent per share to raise up to approximately $2.6 million before costs, with the offer partially underwritten to $800,000 by Mahe Capital Pty Ltd. The price represents a 41% discount to the last closing price of 1.7 cents on 11 September 2026 and a 37% discount to the 30-day VWAP of 1.59 cents. Eligible shareholders with registered addresses in Australia, New Zealand or China at the record date of 18 September 2026 may participate, trade their rights from 17 September 2026, and apply for additional shortfall shares, with the offer scheduled to close on 7 October 2026 and securities to be issued on 14 October 2026. Proceeds are intended to fund exploration at the company’s 100%-owned Dalnee and Karakul gold projects in Kazakhstan and support the evaluation and acquisition of new gold-focused opportunities in Central Asia, while the company also noted ongoing review of non-core assets and sovereign risk exposure in Niger.
Key Points
  • 1 for 1 renounceable entitlement offer to raise up to approximately $2.6 million before costs
  • Offer price is 1.0 cent per share
  • Offer price is a 41% discount to the 11 September 2026 closing price and a 37% discount to the 30-day VWAP
  • Eligible shareholders are those with registered addresses in Australia, New Zealand or China on the record date
  • Rights trading begins on 17 September 2026
  • Record date is 18 September 2026
  • Offer closes on 7 October 2026
  • Results and issue date are scheduled for 14 October 2026
  • Shareholders may trade their rights and apply for additional shortfall shares
  • The offer is partially underwritten to $800,000 by Mahe Capital Pty Ltd
  • Funds will be used for exploration at the Dalnee and Karakul projects in Kazakhstan
  • Funds will also support evaluation and acquisition of new gold-focused opportunities in Central Asia
  • A maximum of 264,033,878 new shares may be issued, increasing total shares to about 528,067,756
  • The company appointed Mahe Capital Pty Ltd as nominee for ineligible shareholders' entitlements
  • Barys said it is continuing to assess divestment of non-core assets and the viability of its Niger operations due to political uncertainty
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.