Argonaut acted as Lead Manager to successfully raise $65 million for Capricorn Metals Limited (ASX: CMM) (“Capricorn” or the “Company”) at an issue price of $0.16 per share by way of a two-tranche placement (“Placement”). The Placement was underpinned by strong support from domestic institutions and sophisticated investors, which resulted in the capital raising being significantly oversubscribed.
Funds from the Placement will be applied towards advancing project development activities at the Company’s 100% owned Karlawinda Gold Project, ongoing exploration and working capital requirements.
Argonaut is delighted to continue to provide support to Capricorn and looks forward to Capricorn’s ongoing success.
Additional information regarding Capricorn can be found on the Company’s website at http://capmetals.com.au/