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Argonaut Resources: Raises $2.7M for copper exploration

September 24, 2020

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