Argonaut Resources (ASX:ARE) has completed a fundraising
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.
Oaklins’ team in Australia acted as lead manager in this transaction.
Talk to the deal team
Frenkel Topping has completed the placing of new shares
Frenkel Topping has raised funds to continue consolidating the highly fragmented professional services marketplace in this niche sector.Learn more
LHN Logistics has raised S$5.0m (US$3.6 million) in gross proceeds
LHN Logistics Limited has completed a fundraising to partially finance the construction of an ISO tank depot, expand the transportation fleet and acquire moving equipment.Learn more
Avantium N.V. has raised €45 million via a public offering
Avantium N.V. has successfully raised €45 million (US$48.7 million) through a public offering of 11,250,000 new ordinary shares (the offer shares), representing approximately 36% of the company’s issued share capital. The shares have been placed at a price of €4.00 per offer share.Learn more