Argonaut acted as Lead Manager to successfully raise A$20.8 million Placement for Myanmar Metals Limited in 2019 to advance the Bawdwin Silver-Lead-Zinc Project and help with exploration drilling costs. Previously, Argonaut also acted as exclusive Financial Advisor, Lead Manager and Sole Bookrunner to Myanmar Metals Limited in its A$35 million shareholder approved Placement in 2018 to support the strategic alliance between Myanmar Metals and Perilya Limited and all its operational and developmental projects. All Placements were supported by new and existing shareholders from domestic and international institutional investors resulting in significantly oversubscribed Placements which was also used as general working capital.
Myanmar Metals Limited (ASX: MYL) is a mining and exploration company focused on precious and base metals exploration through low-cost open pit and underground mining operations with long-term economic and social benefits. Myanmar Metals Limited has a participating interest in the Tarlay Gold Exploration Project located in eastern Shan State, Myanmar, and the world-class Bawdwin Silver-Lead-Zinc Project that’s strategically well-positioned to access some of the world’s largest smelters in China. The Company is committed to working with local communities, including investing in education and training to provide the skills necessary for a well educated and trained local workforce.
Argonaut | Perth
Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia
ABN 72 108 330 650
SFC CE No. AXO052