Argonaut acted as Joint Financial Advisor and Lead Manager to the $27.5 million acquisition of the Henty Gold Mine and accompanying $18 million Placement for Catalyst Metals Limited (CYL:ASX). Henty is a high grade gold asset in a world class gold province, with significant near mine and regional exploration potential. The Placement was underpinned by strong support from a number of high-quality, new corporate and institutional investors as well as existing shareholders.
The Company will utilise the Placement proceeds towards the funding of major Victoria exploration programs and studies, the acquisition of Henty and subsequent exploration programs and mine improvements, as well as for general working capital.
Argonaut is excited to support Catalyst and looks forward to the Company’s ongoing success.
Additional information regarding Catalyst can be found on the Company’s website at www.catalystmetals.com.au