Argonaut acted as Joint Lead Manager to a Two Tranche $7.0m Placement for Matrix Composites and Engineering Limited (ASX:MCE). The Offer was underpinned by strong support from a number of new and existing institutional and sophisticated investors.
The Company is now well capitalised to support new opportunities emerging for high tech, composite material solutions, particularly in subsea buoyancy. Offer funds will also be used to continue to expand Matrix’s Corrosion Technology business.
Argonaut is delighted to support Matrix and looks forward to the Company’s ongoing success.