Antipa Minerals Ltd's (ASX:AZY) Stephen Power speaks to Proactive's Andrew Scott following news of a $25 million placement and share purchase plan. He says the placement was met with strong demand from international and domestic institutions and adds support was also shown from Newcrest Limited, the Company’s largest shareholder, who has committed to subscribe for approximately $2.4 million to maintain its shareholding at 9.9% and IGO Limited who has committed to subscribe for approximately $1.2 million to maintain its shareholding at 4.9%. Power says the funding will allow them to rapidly progress the exploration programme and economic evaluation studies at the 100% Minyari Dome project and also to maintain its 35% interest in the Citadel JV with Rio Tinto.
Antipa Minerals says $25 million raise is confirmation of strategy and quality of assets
Quick facts: Antipa Minerals Ltd
Price: 0.054 AUD
Market Cap: $169.5 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...FOR OUR FULL DISCLAIMER CLICK HERE