Company News: Barra Resources
Updated: 10 Nov 2010
Barra Resources Limited (Barra) was incorporated on 20 June 2000 in Perth for the purpose of acquiring, or securing the right to acquire, prospective exploration and mining permits located in the Eastern Goldfields region of Western Australia. The Company’s portfolio of projects was compiled largely from the expertise of its major shareholder, Barminco Pty Ltd, one of Australia’s largest underground mining contractors.
Barra commenced the transition from a private company to that of a listed entity on the Australian Stock Exchange (ASX) from mid 2000. An underwritten Initial Public Offering (IPO) of 20 million fully paid ordinary shares (FPOs) was completed at an issue price of $0.25 by early December 2000. Each new FPO was accompanied by one attaching option exercisable at $0.25 on or before 31 August 2003. Vendor shares and options were issued to parties including Barminco in exchange for the sale of certain projects to Barra. The Vendor options have a later exercise date and are also exercisable at $0.25 on or before 15 December 2003. Barra was subsequently admitted to the official list of the ASX on 15 December 2000 with the ticker symbol ASX : BAR.
Barra commenced the transition from a private company to that of a listed entity on the Australian Stock Exchange (ASX) from mid 2000. An underwritten Initial Public Offering (IPO) of 20 million fully paid ordinary shares (FPOs) was completed at an issue price of $0.25 by early December 2000. Each new FPO was accompanied by one attaching option exercisable at $0.25 on or before 31 August 2003. Vendor shares and options were issued to parties including Barminco in exchange for the sale of certain projects to Barra. The Vendor options have a later exercise date and are also exercisable at $0.25 on or before 15 December 2003. Barra was subsequently admitted to the official list of the ASX on 15 December 2000 with the ticker symbol ASX : BAR.
Business Category Exploration; Mining
Regions of Operation Australasia
Exchange Ticker BAR
Financial Information
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Exchanges listed on ASX
Share Holders
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Shares Issued
Level 3, 33 Richardson Street
- West Perth
- Western Australia
- 6005
- Australia
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