Argonaut acted as Lead Manager to successfully raise $19.5 million for Genesis Minerals Limited (ASX: GMD) (“Genesis” or the “Company”) at an issue price of $0.042 per share by way of a placement and fully underwritten non-renounceable entitlement offer (“Equity Raising”), which was well supported by international and domestic institutional and sophisticated investors.
Funds from the Equity Raising will be applied towards the acquisition of the Kookynie Gold Project, Feasibility Study on the Greater Ulysses Project and general working capital.
Argonaut is delighted to continue to provide support to Genesis and looks forward to Genesis’ ongoing success.
Additional information regarding Genesis can be found on the Company’s website at https://genesisminerals.com.au/
