Argonaut as Lead Manager has been successful in raising A$3.6 million for Dakota Minerals Limited (ASX: DKO) (“Dakota”) to sophisticated investors of 120,000,000 new ordinary shares at an issue price of A$0.03 per share.
The two tranche placement was made to fund acquisition costs of tenements on the Pilgangoora Project from Asgard Metals Pty Ltd & Slipstream Resources Group and for exploration on the Lynas Project. Dakota intends to progress its Lynas Project with detailed mapping, sampling, geophysics and subsequent reconnaissance RC drilling.
Argonaut is delighted to provide support to Dakota and looks forward to the relationship continuing.
Additional information regarding Dakota and the Capital Raising can be found on the company’s website at www.dakotaminerals.com.au.