Argonaut raised multiple transactions with Mutiny Gold Ltd (ASX: MYG), a resource exploration company focused on gold, copper and silver production. In 2015, Argonaut acted as financial advisor to Mutiny Gold Ltd for the $145 million recommended Takeover Bid by Doray Minerals for the proposed merger between the companies to form a leading mid-tier, high-grade Western Australian gold company with substantial growth prospects. Previously, Argonaut also served as Lead Manager and Underwriter in raising $4.15 million for Mutiny Gold Ltd in 2014.

Mutiny Gold Ltd’s main venture is the Gullewa Gold Project in the Yilgam goldfields region of Western Australia, including the Deflector Gold and Copper Development Project in Murchison. In 2014, Doray Minerals Limited started acquiring all shares and securities of Mutiny Gold Ltd via an off-market takeover offer. Doray Minerals Limited is an Australian gold exploration and producer with ventures including the Wilber Lode deposit at the Andy Well Gold Project in Murchison.