Argonaut acted as Joint Lead Manager to successfully raise $8.25 million for Agrimin Limited (ASX: AMN) (“Agrimin” or the “Company”) at an issue price of $0.55 per share by way of a placement (“Placement”). The Placement was underpinned by strong support from institutional and sophisticated investors, which resulted in the capital raising being significantly oversubscribed.
Funds from the Placement will be applied towards the completion of a definitive feasibility study at the Company’s Mackay Potash Project, progressing project funding and offtake agreements and general working capital requirements.
Argonaut is delighted to continue to provide support to Agrimin and looks forward to Agrimin’s ongoing success.
Additional information regarding Agrimin can be found on the Company’s website at https://agrimin.com.au/