Argonaut acted as Financial Advisor to Minotaur Exploration (MEP:ASX) on its all scrip $120 million recommended off-market takeover by joint venture partner Andromeda Metals Limited (ADN:ASX) and concurrent demerger of Minotaur’s base metals and gold assets into Demetallica for the benefit of Minotaur shareholders.
The takeover resulted in Andromeda logically consolidating 100% ownership of both the Great White Kaolin Project and Natural Nanotech. Demetallica is scheduled to be listed on ASX by the end of FY22.
Argonaut is delighted to have supported Minotaur on this highly successful transaction and looks forward to the ongoing success of Andromeda and Demetallica.
