Argonaut acted Joint Lead Manager to a $32.3 million Placement for Capricorn Metals Limited (ASX:CMM) (“Capricorn” or the “Company”), along with a sell down of $38.4 million by Hawke’s Point. The Offer was underpinned by strong support from institutional and sophisticated investors.

Funds from the Placement will be applied towards upsizing the processing plant infrastructure, other plant construction funding, construction of an airstrip, accelerating exploration work and general working capital.

Argonaut is delighted to continue to provide support to Capricorn and looks forward to Capricorn’s ongoing success.

Additional information regarding Capricorn can be found on the Company’s website at http://capmetals.com.au/