The success of a small-scale trial with cans has encouraged GRB to invest $7.8m in a full-scale can filler, an upgraded bottle filler, and other site improvements. Costs will largely be met by an equity raise at $0.095 to bring in $7.6m. The packaging line enhancements are expected to reduce costs and wastage such thatRead more
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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. The funds raised under the placement provides financial capacity for Botanix to execute on its strategy to advance the clinical development of Botanix’s dermatology products, BTX1503 andRead more
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. The debt financing was secured followingRead more
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. Proceeds from the capitalRead more