Great Boulder Resources Limited (ASX:GBR) – $40m Two-Tranche Institutional Placement

Argonaut acted as Global Coordinator, Joint Lead Manager and Joint Bookrunner to the placement, which received strong support from new and existing institutional investors.

Proceeds from the placement, together with existing cash reserves, will be used to fund the acquisition of the Peak Hill Gold Project from Westgold Resources Limited (ASX:WGX) and a 60,000m multi-rig drilling program across both Peak Hill and the Side Well Gold Project.

Congratulations to Non-Executive Chairman Chris Tuckwell, Managing Director Andrew Paterson and the broader Great Boulder team on this milestone. Argonaut’s Corporate Finance team was led by Eddie Rigg, Kaiden Gilbert and Max Carter-Mazak, with syndication led by Chris Wippl.

To learn more, visit the Great Boulder website here.