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Metro Mining Limited

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    Metro Mining Limited

    By admin | | Comments are Closed | 4 April, 2021 | 0

    Metro Mining Limited
    Capital Raising, Debt and M&A Transactions

    Metro Mining & Argonaut

    Argonaut raised multiple transactions for Metro Mining Limited, an Australian exploration and mining company based in Brisbane, Queensland. In 2018, acted as Lead Manager to successfully raise $17.5 million at $0.20 per share for Metro Mining Limited to strengthen the Company’s balance sheet and ensure strong working capital. In 2017, Argonaut acted as Lead Manager to A$38 million via a two tranche placement in the second quarter of 2017 as well as a A$52 million Placement in the first quarter.

    In that same year, Argonaut, acting as financial advisor, has successfully advised on debt facilities totalling A$40 million for Metro Mining Limited to develop and construct the Bauxite Hills Mine in Cape York, Queensland. Earlier transactions also included Argonaut raising capital for Metro Mining Limited in 2016 and 2015 as well as a merger and acquisition in 2016.  All transactions were well supported by new and existing shareholders from domestic and international institutional investors resulting in oversubscribed Placements which were also used as general working capital.

    Metro Mining Limited (ASX:MMI) was established in 2014 and started its flagship venture which is the Bauxite Hills Mine project covers 1,900sq km in the Weipa Bauxite Region in Western Cape York. Metro Mining Limited also owns one of Australia’s largest thermal coal resources in Queensland’s Surat Basin. The Company is committed to the environment and all its projects are in accordance with the principles of Ecologically Sustainable Development (ESD).

    Argonaut Capital Raising Transactions for Metro Mining

    $17,500,000 Placement
    Lead Manager
    2018
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    A$38,000,000 Placement
    Lead Manager
    July 2017
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    A$52,400,000 Placement & Entitlement
    Lead Manager and Underwriter
    February 2017
    Read More
    A$8,900,000 Investment
    Advisor
    July 2016
    Read More
    A$2,000,000 Placement
    A$3,600,000 Entitlement
    Manager
    July 2015
    Read More

    Argonaut Debt Financing Transaction for Metro Mining

    A$40,000,000 Debt Facilities
    Financial Advisor
    June 2017
    Read More

    Argonaut Merger & Acquisition Transactions for Metro Mining

    $52,000,000 Takeover
    Financial Advisor
    December 2016
    Read More
    $40,000,000 Acquisition
    Financial Advisor
    October 2016
    Read More

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