- Argonaut Resources (ARE) has successfully completed its share placement and raised $2.7 million
- 491.6 million fully paid ordinary shares will now issued to professional, sophisticated, and institutional investors at 0.55 cents each
- Shares will settle on September 30, and allocated and begin trading on the ASX on October 2
- Argonaut will also be undertaking a share purchase plan to raise an additional $1.2 million which will open on September 25 and close on October 16
- The company will also use the money to undertake drilling at the Murdie copper project and restart metallurgical testwork on the Nyungu copper-cobalt deposit
- Argonaut has ended the day with no change and shares trading for 0.7 cents each
Argonaut Resources: Raises $2.7M for copper exploration
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