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Antipa Minerals says $25 million raise is confirmation of strategy and quality of assets

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.

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Price: 0.054 AUD

Market Cap: $169.5 m

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Antipa Minerals says Minyari shaping up as potential company-maker

Antipa Minerals Ltd (ASX:AZY)'s Stephen Power speaks to Proactive soon after announcing further strong gold and copper hits during its 2021 drill program at the Minyari Dome asset in Western Australia’s Paterson Province. A diamond drill and diamond-tail hole contributed more robust gold-copper...

1 week, 4 days ago

2 min read