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 St George Mining on Capital Raising

    Home News Argonaut congratulates St George Mining on Capital Raising
    NextPrevious

    Argonaut congratulates St George Mining on Capital Raising

    By admin | News | 0 comment | 23 August, 2016 | 0

    Argonaut, as Co-Manager, has been successful in raising A$6.47 million for St George Mining Limited (ASX: SGQ) (“St George”) to both Australian and overseas institutional and sophisticated investors of 43,165,470 new ordinary shares at an issue price of A$0.15 per share.

    Proceeds from the capital raising will enable St George to continue exploration activities at the Mt Alexander Project where nickel-copper sulphides have been discovered over a broad area, supporting the potential for a new nickel sulphide camp. The funds raised will also be used for exploration at the Company’s other Western Australian projects and for working capital.

    Commenting on the raising, St George Executive Chairman, John Prineas said, “the placement provides St George with a strong balance sheet that allows us to vigorously progress the tremendous exploration opportunity at the Mt Alexander Project.

    Since commencing drilling at the Project earlier this year, we have intersected massive nickel-copper sulphides at three prospects and expanded the Cathedrals nickel-copper sulphide belt to 3.5km of recurrent mineralisation.

    We are committed to continuing to create substantial shareholder value through exploration success and thank new and existing shareholders for recognising the strong upside of our projects.”

    Argonaut is delighted to provide support to St George and looks forward to continue working with the company.

    Additional information regarding St George and the Capital Raising can be found on the company’s website at www.stgeorgemining.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