Argonaut Resources (ASX:ARE) has completed a fundraising
June 2021 — Argonaut Resources NL (ASX:ARE) has raised US$3.6 million via a placement. The funds will be used to accelerate a drilling and scoping study program at Lumwana West in Zambia and drilling at Murdie in South Australia, providing working capital and covering transaction costs. The placement to professional and sophisticated investors received strong support and was well oversubscribed.
Argonaut Resources holds exciting assets in prominent prospecting areas, with exposure to copper, cobalt, gold and uranium. With buoyant demand and commodity prices in its target mineral portfolio, particularly including copper, the company foresees good potential upside. Key assets include the 90%-owned Lumwana West copper–cobalt project in north-western Zambia and 100%-owned Murdie iron oxide copper gold (IOCG) targets in South Australia.
Our role in the transaction
Oaklins’ team in Australia acted as lead manager in this transaction.
Talk to the deal team
Related deals
7BidCo has completed the sell-out procedure for the shares of STAR7
7BidCo S.p.A. has completed the sell-out procedure for 8.5% of STAR7 S.p.A.’s shares.
Learn moreAlba has completed a voluntary public tender offer for the shares of Borgosesia
Alba S.r.l. has completed a voluntary public tender offer for 100% of the shares of Borgosesia S.p.A.
Learn moreMoneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn more