Argonaut acted as Financial Advisor and Lead Manager to the $10 million Initial Public Offer for Global Lithium Resources (ASX: GL1) to commence its exploration of the Marble Bar Lithium Project in the Pilbara Region in Western Australia. The IPO was underpinned by strong support from institutional and sophisticated investors, which resulted in the capital raising being significantly oversubscribed.
Global Lithium Resources (ASX: GL1) is an Australian lithium exploration and development company focused on projects in the Pilbara Region in Western Australia. Its leading venture is the wholly-owned Marble Bar Lithium Project (MBLP) which contains the world-class Pilgangoora deposit and Wodgina deposit. Global Lithium Resources is committed to environmental protection, community building and corporate governance, especially in areas where they operate.
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