Each research analyst of this material certifies that the views expressed in this research material accurately reflect the analyst’s personal views about the subject securities and listed corporations. None of the listed corporations reviewed or any third party has provided or agreed to provide any compensation or other benefits in connection with this material to any of the analyst(s).
|AIC Mines Limited||A1M||Argonaut Securities Pty Ltd acted as Joint Lead Manager and Joint Bookrunner in respect of the Placement to raise $30M announced on 6 February 2023 and received fees commensurate with this service. Argonaut acted as Financial Adviser in relation to AIC Mines’ takeover offer for Demetallica Limited (DRM) in September 2022 and received fees commensurate with this service. Argonaut holds or controls 2,032,573 A1M shares and 1,038,462 A1M options exercisable at $0.4875 expiring 18 May 2026.|
|Ausgold Ltd||AUC||Argonaut acted as Lead Manager to the Placement to raise $12M in April 2023 and received fees commensurate with this service. Argonaut holds or controls 30M options exercisable at $0.06 expiring 31 March 2025.|
|Auteco Minerals Ltd/span>||AUT||Argonaut Securities Pty Ltd is acting as Co-Manager to the Placement to raise up to $50M announced in August 2023 and will receive fees commensurate with this service. Argonaut Securities Pty Ltd acted as Co-Manager to the Placement to raise up to $10M in January 2023 and received fees commensurate with this service.|
|Centaurus Metals Limited||CTM||Argonaut Securities Pty Ltd acted as Joint Lead Manager and Joint Bookrunner in respect of the Placement to raise approximately $35M announced in July 2023 and received fees commensurate with this service. Argonaut holds or controls 161,638 CTM shares.|
|De Grey Mining Ltd||DEG||Argonaut Securites Pty Limited acted as Joint Lead Manager & Joint Bookrunner to the $130M Placement announced on 5 October 2022 and received fees commensurate with these services.|
|Evion Group NL||EVG||Argonaut participated in the Placement to raise up to $3M announced in March 2023 and received fees commensurate with this service.|
|Genesis Minerals Limited||GMD||Argonaut holds or controls 1,918 GMD options exercisable on or before 17 December 2023.|
|Global Lithium Resources Ltd||GL1||Argonaut Securities Pty Ltd acted as Global Coordinator, Joint Lead Manager and Joint Bookrunner and Argonaut PCF Limited acted as Underwriter in respect of the Placement to raise $121.5M announced on 25 October 2022 and received fees commensurate with this service. Argonaut holds or controls 601,004 shares and 4,493,114 GL1 options exercisable at $0.30 expiring 10 May 2025.|
|K2Fly Ltd||K2F||Argonaut holds or controls 2,265,625 K2F Options exercisable at $0.435 on or before 10 March 2024.|
|Lunnon Metals Ltd||LM8||Argonaut Securities Pty Ltd acted as Joint Lead Manager in respect of the Placement to raise up to $18M in August 2023 and received fees commensurate with this service. The Chair of Lunnon Metals Ltd (LM8). Mr Liam Twigger also holds roles with the Argonaut Group: Deputy Chair of Argonaut Limited and Executive Director, Corporate Finance. Mr Twigger is not involved in the creation of research material on LM8 in any way. The views expressed in LM8 research material accurately reflect the relevant analyst’s personal views about LM8.|
|NexGen Energy Ltd||NXG||Argonaut holds 17,892 NXG shares.|
|Ora Gold Limited||OAU||Argonaut Securities Pty Ltd acted as Lead Manager to the Placement to raise up to $2M in July 2023 received fees commensurate with these services. Argonaut holds 45M OAU shares.|
|Pantoro Limited||PNR||Argonaut participated in the Placement to raise up to $75M in February 2023 and received fees commensurate with this service. Argonaut acted as Joint Lead Manager and broker & Joint Bookrunner to the Placement to raise $25M announced on 20 October 2022 and received fees commensurate with these services.|
|Predictive Discovery Limited||PDI||Argonaut acted as Co-Manager to the Placement to raise $40M in May 2023 and received fees commensurate with this service.|
|Qoria Limited (formerly Family Zone Cyber Safety Limited)
||QOR||Argonaut participated in the Placement to raise up to $20M in March 2023 and received fees commensurate with this service.|
|Westgold Resources Limited||WGX||Argonaut PCF acted as Financial Advisor to WGX in connection to its takeover offer for Musgrave Minerals Limited (MGV) announced in June 2023 and received fees commensurate with this service.|
|WIA Gold Limited||WIA||Argonaut Securities Pty Ltd acted as Lead Manager & Sales Agent to the pro-rata non-renounceable entitlement offer to raise up to approximately $11M announced in July 2023 and received fees commensurate with this service. Argonaut acted as Lead Manager to the Placement to raise $6M in September 2022 and received fees commensurate with this service. Argonaut owns or controls 4,330,540 WIA shares and 1.5M WIA01 Options exercisable at $0.05 and 1.5M WIA02 exercisable at $0.10 on or before 30 September 2024.|
General Disclosure and Disclaimer
This research has been prepared by Argonaut Securities Pty Limited (ABN 72 108 330 650) (“ASPL”) for the use of the clients of ASPL and other related bodies corporate (the “Argonaut Group”) and must not be copied, either in whole or in part, or distributed to any other person. If you are not the intended recipient you must not use or disclose the information in this report in any way. ASPL is a holder of an Australian Financial Services License No. 274099 and is a Market Participant of the Australian Stock Exchange Limited.
Nothing in this report should be construed as personal financial product advice for the purposes of Section 766B of the Corporations Act 2001 (Cth). This report does not consider any of your objectives, financial situation or needs. The report may contain general financial product advice and you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.
This research is based on information obtained from sources believed to be reliable and ASPL have made every effort to ensure the information in this report is accurate, but we do not make any representation or warranty that it is accurate, reliable, complete or up to date. The Argonaut Group accepts no obligation to correct or update the information or the opinions in it. Opinions expressed are subject to change without notice and accurately reflect the analyst(s)’ personal views at the time of writing. No member of the Argonaut Group or its respective employees, agents or consultants accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this research and/or further communication in relation to this research.
Nothing in this research shall be construed as a solicitation to buy or sell any financial product, or to engage in or refrain from engaging in any transaction. The Argonaut Group and/or its associates, including ASPL, officers or employees may have interests in the financial products or a relationship with the issuer of the financial products referred to in this report by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, director or adviser. Further, they may buy or sell those securities as principal or agent, and as such may effect transactions which are not consistent with the recommendations (if any) in this research. The Argonaut Group and/or its associates, including ASPL, may receive fees, brokerage or commissions for acting in those capacities and the reader should assume that this is the case.
There are risks involved in securities trading. The price of securities can and does fluctuate, and an individual security may even become valueless. International investors are reminded of the additional risks inherent in international investments, such as currency fluctuations and international stock market or economic conditions, which may adversely affect the value of the investment.
The analyst(s) principally responsible for the preparation of this research may receive compensation based on ASPL’s overall revenues.
For U.S. Persons Only
This research report is a product of Argonaut Securities Pty Limited, which is the employer of the research analyst(s) who has prepared the research report. The research analyst(s) preparing the research report is/are resident outside the United States (U.S.) and are not associated persons of any U.S. regulated broker-dealer and therefore the analyst(s) is/are not subject to supervision by a U.S. broker-dealer, and is/are not required to satisfy the regulatory licensing requirements of FINRA or required to otherwise comply with U.S. rules or regulations regarding, among other things, communications with a subject company, public appearances and trading securities held by a research analyst account.
This report is intended for distribution by Argonaut Securities Pty Limited only to “Major Institutional Investors” as defined by Rule 15a-6(b)(4) of the U.S. Securities and Exchange Act, 1934 (the Exchange Act) and interpretations thereof by U.S. Securities and Exchange Commission (SEC) in reliance on Rule 15a 6(a)(2). If the recipient of this report is not a Major Institutional Investor as specified above, then it should not act upon this report and return the same to the sender. Further, this report may not be copied, duplicated and/or transmitted onward to any U.S. person, which is not the Major Institutional Investor.
In reliance on the exemption from registration provided by Rule 15a-6 of the Exchange Act and interpretations thereof by the SEC in order to conduct certain business with Major Institutional Investors, Argonaut Securities Pty Limited has entered into an agreement with a U.S. registered broker-dealer, Marco Polo Securities Inc. (“Marco Polo”). Transactions in securities discussed in this research report should be effected through Marco Polo or another U.S. registered broker dealer.
© 2017. All rights reserved. No part of this document may be reproduced or distributed in any manner without the written permission of Argonaut Securities Pty Limited. Argonaut Securities Pty Limited specifically prohibits the re-distribution of this document, via the internet or otherwise, and accepts no liability whatsoever for the actions of third parties in this respect.