Argonaut acted as Joint Lead Manager and Joint Underwriter to a $125 million Placement for De Grey Mining Limited (ASX: DEG) (“De Grey” or the “Company”). The Placement was underpinned by strong support from domestic and international institutional and sophisticated investors.

Funds from the Placement will be applied towards the Mallina Gold Project PFS, resource extension, definition and regional drilling, operations support as well as general working capital.

Argonaut is delighted to continue to provide support to De Grey and looks forward to De Grey’s ongoing success.