Plantation Energy to restart the Albany Wood Pellet Plant
Argonaut has been successful in working with Renewable Heat & Power (RHP) on a significant transaction that will see the re-commissioning of the Albany Wood Pellet Plant. RHP is the 100% owner of the Plantation Energy business, an Albany based manufacturing operation that can produce 250,000t of wood pellets per annum. Wood pellets are a renewable energy fuel used extensively in Europe, Japan and Korea as a replacement fuel in coal fired power plants.
WA Mining Club Luncheon - Thursday 16 February
Edward Rigg, Argonaut’s Managing Director & Head of Corporate Finance, will join Liam Twigger (PCF Capital) and Bryan Dixon (Blackham Resources) to share their views on the Market Outlook for 2017 from a Resources Perspective, at the WA Mining Club’s first luncheon for 2017. The luncheon will take place at the Hyatt Regency, Perth on Thursday 16 February 2017.
Argonaut welcomes Phil Russo
Argonaut is pleased to announce the appointment of Phil Russo as an Institutional Sales Dealer in our Securities Division. Phil will assist with our domestic business whilst also building our US distribution capability. Phil has 13 years mining and equity experience, most recently as a Mining & Metals Equity Analyst with Raymond James Capital Markets based in Toronto for circa 6 years. Prior to that he worked as a Project Engineer with Barrick Gold Corporation commencing in their Perth office before moving to Toronto.
Christmas Trading Hours 2016
Argonaut would like to take this opportunity to thank our clients for their continued support during 2016 and we wish all clients, our dedicated staff and their families a Merry Christmas and a Happy and Prosperous New Year! Our Stockbroking Division will be open for trading for clients over the holiday period and market trading hours (WST) are as follows:
Argonaut congratulates Paringa on Capital Raising (2016)
Argonaut as Joint Lead Manager has been successful in raising of A$8 million for Paringa Resources Limited (ASX: PNL) (“Paringa”) to institutional investors of 19 million new ordinary shares at an issue price of A$0.42 per share, with Curran & Co. Proceeds from the capital raising will be used to complete an updated Bankable Feasibility Study (BFS) for a potential two coal seam operation at the Poplar Grove Mine in early 2017 and to provide funding for the Company to commence development of the Poplar Grove mine by mid 2017.