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

Congratulations Dakota Minerals!

    Home News Congratulations Dakota Minerals!
    NextPrevious

    Congratulations Dakota Minerals!

    By admin | News | 0 comment | 9 May, 2016 | 0

    Argonaut as Lead Manager has been successful in raising A$12.3 million for Dakota Minerals Limited (ASX: DKO) (“Dakota”) in a heavily oversubscribed Placement to institutional and sophisticated investors of 61,600,000 new ordinary shares at an issue price of A$0.20 per share which was at a 17.4% premium to the 10-day VWAP.

    Proceeds from the placement will be used to accelerate Phases 2 and 3 of the Lynas Find Lithium Project drilling campaign which aims to expand the known mineralisation and rapidly define a resource together with potential further exploration opportunities in the lithium sector.

    Commencing on the Placement, Dakota’s Non-Executive Chairman, Mr John Fitzgerald said “We are extremely pleased at the investor support we have received from the domestic and international market, including a number of well-respected institutions. The Placement was heavily oversubscribed, which is a testament to the excitement surrounding our early drill results and those still to come. These funds will allow us to progress Phases 2 and 3 of our Lynas Find exploration and drilling program, as well as begin other exploration at some highly prospective areas. I’m very thankful for the support our shareholders have shown in Dakota thus far and I’m greatly looking forward to what’s ahead.”

    Argonaut is delighted to provide continued support to Dakota and looks forward to the relationship continuing.

    Additional information regarding Dakota and the Capital Raising can be found on the company’s website at www.dakotaminerals.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