Argonaut acted as Lead Manager to a $16.6m Two Tranche Placement (“Placement”) for Ausgold Limited (ASX:AUC). The Placement was cornerstoned by two institutions, Dundee Corporation and new institutional investor Jupiter Asset Management with strong support by other institutional and sophisticated investors.
Funds from the Placement will be primarily used to continue an extensive exploration and Resource expansion drill program and feasibility studies at the Company’s 100% owned Katanning Gold Project.
Argonaut is delighted to support Ausgold and looks forward to Ausgold’s ongoing success.
Additional information regarding Ausgold can be found on the Company’s website at www.ausgoldlimited.com