Argonaut acted as Joint Lead Manager to a $100.1 million Placement for De Grey Mining Limited (ASX: DEG) (“De Grey” or the “Company”), along with a sell down of $3.1 million by De Grey Officers. The Offer was underpinned by strong support from international and domestic institutional and sophisticated investors.

Funds from the Offer will be applied towards a significant exploration drilling program at Hemi, surrounding mineralised intrusions and regional targets, as well as key site infrastructure.

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

Additional information regarding De Grey can be found on the Company’s website at https://degreymining.com.au/