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Argonaut Resources NL secures additional funds

Published: 16:30 08 Feb 2017 EST

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Earlier in the week Argonaut expanded its portfolio

Argonaut Resources NL (ASX:ARE) has completed a private share placement of 110,000,000 shares to sophisticated and professional investors at an average price of $0.0048 per share, raising a total of A$528,000 before costs.

Earlier in the week Argonaut expanded its portfolio after signing a definitive earn-in agreement for a package of 14 tenements in the Higginsville area of Western Australia.

Recent discoveries near the project include Baloo and Monsoon (Polar Bear) by S2 Resources (ASX:S2R).

The tenements are prospective for gold and nickel.

Argonaut also has lithium assets in Canada.

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