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How Will Argosy Minerals’ $2M Placement and 40M Options Shape Rincon’s Future?
3:21pm on Monday 21st of July, 2025 AEST
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How Will Argosy Minerals’ $2M Placement and 40M Options Shape Rincon’s Future?
3:21pm on Monday 21st of July, 2025 AEST
Key Points
Placement of 80 million shares at $0.025 each raising $2 million
Offer of 40 million free-attaching options exercisable at $0.04, expiring in three years
Lead manager Evolution Capital to receive 7.5 million options as part of fees
Funds targeted for ongoing development and feasibility of Rincon Lithium Project
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