Argonaut acted as Financial Advisor to Northern Minerals Limited (ASX:NTU) (“Northern Minerals”) to successfully provide approximately A$61 million of structured financing for the Browns Range Pilot Plant.
Argonaut acted as Financial Advisor to Northern Minerals Limited (ASX:NTU) (“Northern Minerals”) to successfully provide approximately A$61 million of structured financing for the Browns Range Pilot Plant.
Argonaut acting as Lead Manager has successfully raised A$38 million for Metro Mining Limited (ASX: MMI) (“Metro”) via a two tranche placement to Australian and international institutional investors at an issue price of A$0.135 per share. The placement was heavily oversubscribed with significant demand generated from existing and new institutional investors.
Argonaut, acting as financial advisor, has successfully advised on debt facilities totalling A$40 million for Metro Mining Limited (ASX: MMI) (“Metro”). The funds raised by the debt facilities will be used to underpin the financing for the development and construction of Metro’s Bauxite Hills Mine, in Cape York, Queensland.
Argonaut has acted as Lead Manager to Botanix Pharmaceuticals Ltd (ASX: BOT) (“Botanix”) in its oversubscribed placement of A$7.4 million to new and existing institutional and sophisticated investors.
Argonaut has acted as Joint Lead Manager to Vital Metals Limited (ASX: VML) (“Vital”) in its oversubscribed placement of A$5 million to professional and sophisticated investors by issue of 400,000,000 new ordinary shares at $0.0125 per share. The funds raised under the placement will enable Vital to significantly ramp up exploration by committing to a 12,500 metre drilling program in Burkina Faso and reduce their Macquarie bank loan facilities.
Argonaut as Lead Manager has been successful in raising of A$52.4 million for Metro Mining Limited (ASX: MMI) (“Metro”) to Australian and international institutional and professional investors via a combined placement and 1:2 fully underwritten non-renounceable entitlements offer at an issue price of A$0.125 per share.
Argonaut as Co-Manager has been successful in raising of A$55 million for Gascoyne Resources Limited (ASX: GCY) (“Gascoyne”) to domestic and international institutional and professional investors via a placement and share purchase plan of 110 million new ordinary shares at an issue price of A$0.50 per share, with Hartleys Limited.
Argonaut as Co-Lead Manager has been successful in raising of A$110 million for Dacian Gold Limited (ASX: DCN) (“Dacian”) via an institutional placement and a 1 for 3.1 Accelerated Non-Renounceable Entitlement Offer for approximately 55 million new ordinary shares at an issue price of A$2.00 per share, with Macquarie Capital (Australia) Limited.
Argonaut is proud to be a sponsor of the Petroleum Club of Western Australia’s Industry Dinner to be held on Tuesday 21 March 2017 at the Duxton Hotel. The Keynote Speaker at this event is David Biggs, Chief Executive Officer and Managing Director and CEO of AWE Limited, who will present on the Waitsia gas field: a new onshore gas resource for Western Australia.
Argonaut celebrates its 15 Year Anniversary since Co-Founders Charles Fear and Eddie Rigg started the business in 2002, and coinciding with that milestone are delighted to announce Glen Colgan’s promotion to the role of Managing Director. Glen is a career stockbroker having started as a “chalky” on the Perth Stock Exchange in 1983, before going on to run the Kalgoorlie branch office of Eyres Reed for a period of six years and then joined Argonaut 10 years ago as an Executive Director and Desk Manager of the Stockbroking business.
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