Perth-based advisory and stockbroking firm Argonaut has been appointed by Sino Gas and Energy Holdings as its corporate advisor.

In connection with the appointment, Argonaut will receive 30 million options, exercisable at 7.5 cents on or before five years from the date of issue.

Sino Gas said Argonaut would assist it pursuit of non-dilutive financing opportunities to progress its exploration projects towards development.

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