Argonaut fund issues replacement prospectus

Argonaut Funds Management, a subsidiary of Argonaut Ltd, has launched a replacement prospectus for its Perseus fund, aiming to raise approximately $3 million.

The placement of 3.33 million shares, at 90c each, will provide Perseus with funds to invest predominantly in the natural resources sector. The shares will not be listed on the ASX, and the offer is not underwritten.

Rix Levy Fowler will act as auditor and investigating accountant, with the manager being AFM Zeus Pty Ltd.

The initial offer will open on July 13, closing on July 31.