Asara Resources Limited (ASX:AS1) – A$60m Institutional Placement

Argonaut acted as Joint Lead Manager and Joint Bookrunner to the placement, which received strong support from existing shareholders and new international and domestic institutional investors.

The accelerated exploration program at Kada will advance resource development, regional exploration activities and technical studies.

Congratulations to Non-Executive Chairman Jeff Quartermaine, Managing Director & CEO Matt Sharples, Company Secretary Joanna Kiernan, and the broader Asara team on the successful transaction. Argonaut’s Corporate Finance team was led by Rob Telford, Max Carter-Mazak and Mike Paganin. Syndication was led by Chris Wippl, with ECM support from David Keogh.

To learn more, visit the Asara Resources website here.