Antipa Minerals to turbocharge exploration with up to $7 million raise | News Direct

Antipa Minerals to turbocharge exploration with up to $7 million raise

Antipa Minerals Ltd
News release by Antipa Minerals Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | September 04, 2023 03:00 PM Eastern Daylight Time

Antipa Minerals Ltd (ASX:AZY) MD Roger Mason tells Proactive the company has launched a $2 million pro-rata non-renounceable rights issue to eligible shareholders, taking the recent capital initiatives to a total of up to $7 million. Proceeds from the placement and rights issue are to be predominantly applied to ongoing exploration and appraisal of resource growth and discovery opportunities at the company’s 100%-owned Minyari Dome Project. The company will undertake the rights issue on a one-for-26 basis to raise up to $2 million, at an issue price of $0.013 per share.

Mason said: “The rights Issue announced today provides all shareholders with the opportunity to further participate in Antipa’s vast Paterson Province portfolio, including our compelling 100%-owned Minyari Dome Gold Project.

“Funds raised through the placement and rights Issue will allow our exploration team to fast-track the aggressive resource growth and discovery-orientated drilling activities we have planned at the new GEO-01 discovery and at the exciting Tetris and Pacman targets.”



Contact Details


Proactive Investors


Jonathan Jackson


+61 413 713 744

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