Argonaut acted as Joint Lead Manager and Bookrunner to the A$30 million placement. The bookbuild generated strong support received from leading domestic and international institutional investors.
Funds will be applied towards ongoing activities across Brightstar’s portfolio, including accelerated mining and production activities at Brightstar’s Laverton Hub and further drilling (resource definition and greenfield exploration) across the portfolio. The proceeds from the Placement also strengthens Brightstar’s balance sheet for further potential M&A opportunities.
Argonaut is delighted to have worked with Alex Rovira, Sam Main, Andy Rich, Dean Valve and the entire Brightstar team and looks forward to Brightstar’s ongoing success.
Additional information regarding Brightstar can be found on the Company’s website at https://www.brightstarresources.com.au
