ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Argonaut Congratulates Metro Mining Limited on a Highly Successful Capital Raising

    Home News Argonaut Congratulates Metro Mining Limited on a Highly Successful Capital Raising
    NextPrevious

    Argonaut Congratulates Metro Mining Limited on a Highly Successful Capital Raising

    By admin | News | 0 comment | 10 October, 2018 | 0

    Argonaut acted as Lead Manager to successfully raise $20.0 million at $0.20 per share for Metro Mining Limited (ASX: MMI) (“Metro” or “the Company”). Due to being a heavily oversubscribed bookbuild the quantum of the Placement was upsized from $17.5 million by $2.5 million to raise a total of $20.0 million. The Placement received strong support from existing shareholders as well as major domestic and international institutions.

    Funds raised from the Placement were used to strengthen the Company’s balance sheet flexibility, to ensure a strong working capital position was maintained during the ramp up of production from the Company’s 100% owned Bauxite Hills Mine.

    Argonaut continues to maintain a close working relationship with the Company and looks forward to providing the Company with ongoing support as it seeks to achieve its corporate objectives.

    Additional information regarding Metro can be found on the company’s website at www.metromining.com.au.
     

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital