"Argosy Minerals Limited (ASX: AGY) (“Argosy” or “Company”) is pleased to advise that it has received binding commitments for a $15 million placement of ordinary shares to institutional and sophisticated investors at $0.22 per share (“Placement”), which was heavily oversubscribed. It has also reached an in-principle agreement to move to 77.5% ownership interest in Puna Mining S.A. (the joint venture entity which holds rights to the Rincon Lithium Project) ahead of schedule. The Company will also provide to eligible shareholders the opportunity to participate in a Share Purchase Plan to raise a further $2 million at the same issue price as the Placement."
But apparently one poster (sophisticated investor) here confirmed settlement had occurred.
Lets hope he is right.
AGY Price at posting:
25.5¢ Sentiment: None Disclosure: Held
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