Argosy Minerals Secures $3M Placement and Launches SPP
Key points
- Successful $3M Placement with strong investor interest
- SPP launched for eligible shareholders
- Funds to support Rincon 12ktpa development and feasibility works
Full summary
Argosy Minerals Limited (ASX: AGY) has successfully completed a $3M placement, attracting significant interest from new domestic and international institutional and sophisticated investors. The placement, which comprises the issue of 83,333,334 fully paid ordinary shares at $0.036 per share, will support the company's priority initiatives, including the progression of the 12ktpa Rincon development, engineering, and feasibility works. Additionally, a non-underwritten Share Purchase Plan (SPP) has been launched to enable eligible existing shareholders to participate on the same terms as the placement, aiming to raise up to an additional $500,000. The strong investor support underscores the company's strategic development plans and its potential within the lithium sector.
Guidance
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Outlook
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