Junior Argent Minerals will raise A$2.2-million through a share placement to sophisticated and professional investors to fast-track resource drilling in New South Wales.
The company on Wednesday announced that it would issue 40-million fully paid ordinary shares, at a price of 5.5c each, with the placement shares also attracting one free attaching option for every two shares issued, with an exercise price of 5c and an expiry date of October 29, 2021.