Argonaut acted as Joint Lead Manager to a $45.0m institutional (“Placement”) for Pantoro Limited (ASX:PNR). The Placement was strongly supported by existing shareholders and new institutional investors.
Funds from the Placement will be applied towards continued growth exploration at the Norseman Gold Project (“Norseman”), supporting the early commencement of mining at Norseman, to under-write ore supply to the new processing facility, accelerating PGE exploration at the Halls Creek Project and general working capital.
Argonaut is delighted to support Pantoro and looks forward to Pantoro’s ongoing success.
Additional information regarding Pantoro can be found on the Company’s website at www.pantoro.com.au