CAPITAL MARKETS

Argonaut raises $5.5M for Torrens drilling

EXPLORER Argonaut Resources has completed a private placement to raise A$5.5 million ahead of highly anticipated drilling at the Torrens project in South Australia with 70% joint venture partner Aeris Resources.

Argonaut raises $5.5M for Torrens drilling

The company will issue 276 million 2c shares to sophisticated and professional investors, increasing Argonaut's scip to around 1.5 billion shares.    The raising was priced at a discount to the recent...

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