Argosy Minerals Limited announced that the directors have entered into a capital raising engagement agreement with Capital and Corporate Advisors Pty Ltd. for the purpose of recapitalising the company with independent new professional and sophisticated investors being introduced on the company's register. As part of the agreement entered into, upon completion of the recapitalisation, Mr. Ranko Matic and Mr. Jerko Zuvela will be appointed as new directors, and Mr. Peter Lloyd and Mr. Graham Walker will resign as directors.