CAPITAL MARKETS

Market backed Argosy dumps Chinese deal

WITH its shares having rising nearly 400% in less than two months, hot lithium stock Argosy Minerals has shown agility by dumping a funding deal signed with a Chinese company in August and instead deciding to raise up to A$17 million from conventional equity sources.

Michael Quinn
Market backed Argosy dumps Chinese deal

Argosy was to have raised $16.9 million from battery material company Qingdao Qianyun High-tech New Material Co by issuing the Chinese company with shares priced at 8.5c. Instead it will now place $15...

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