Argonaut acted as Global Coordinator, Joint Lead Manager, Joint Bookrunner and Joint Underwriter to the A$111.4 million Placement and Financial Advisor to Global Lithium Resources Limited (ASX:GL1) to fund the A$60 million acquisition of the remaining 20% of the Manna Lithium Project.
The Placement was well supported by a significant number of new Tier 1 institutional investors alongside existing shareholders with Mineral Resources increasing its stake to 9.9% and Suzhou TA&A maintaining its 9.9% interest.
Funds from the Placement will be used to continue exploration across the wider Manna Lithium Project area and Marble Bar Lithium Project alongside advancing Manna through Scoping and Feasibility studies.
Argonaut is delighted to support Global Lithium and looks forward to Global Lithium’s ongoing success.
Additional information regarding Global Lithium can be found on the Company’s website at https://globallithium.com.au/