Argent Minerals (ASX: ARD) has entered into an agreement with Bell Potter Securities whereby Bell Potter will underwrite any of the shortfall in the remaining listed options in the company that are exercisable at $0.178 and that expire on 30 June 2011.
The agreement with Bell Potter is on customary terms including an underwriting fee of 3.75% and, subject to the terms of the agreement, will guarantee the receipt of $6,158,396.47 for additional working capital.
The last day for trading the listed options will be 23 June 2011.