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Argonaut Resources closes unmarketable parcel sale facility

The company’s shares closed 8% higher today, at 2.7 cents.

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Argonaut recently identified copper-gold drill targets

Argonaut Resources NL (ASX:ARE) has completed its share sale facility for shareholders holding less than $500 in value of its ordinary shares (unmarketable parcel).

A total of 7,392,329 shares were sold in an off-market transaction at 1.82 cents per share.

The proceeds will be distributed to shareholders who participated in the facility.

Where the total proceeds from the sale of an unmarketable parcel was less than $2, the funds will be donated to the Davenport Community Council in Port Augusta.

The amount to be donated is $488.87.

Argonaut recently identified 28 large volume iron oxide copper-gold (IOCG) drilling targets from airborne gravity and magnetic survey data of the Torrens exploration licence in South Australia.

READ: Argonaut Resources identifies iron oxide copper-gold targets at Torrens project

Quick facts: Argonaut Resources NL

Price: 0.006 AUD

ASX:ARE
Market: ASX
Market Cap: $9.33 m
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'The shackles are off Torrens' as Argonaut Resources receives final approval...

Lindsay Owler, chief executive at Argonaut Resources NL (ASX:ARE), tells Proactive's Andrew Scott they've received the final approval required for a major drilling program at the Torrens project in South Australia. An application under section 23 of the Aboriginal Heritage Act 1988 has...

on 20/2/18

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