Argonaut acted as Joint Lead Manager to successfully raise $5.75 million for St George Mining Limited (ASX: SGQ) (“St George” or the “Company”) at an issue price of $0.15 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 ongoing exploration at the Company’s Mt Alexander Nickel Project and general working capital.
Argonaut is delighted to continue to provide support to St George and looks forward to St George’s ongoing success.
Additional information regarding St George can be found on the Company’s website at https://stgm.com.au/