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Antipa Minerals has received binding commitments for a non-underwritten placement to raise about $9 million through the issue of about 333.7 million fully paid ordinary shares at 2.7 cents per share. The company will also undertake a Share Purchase Plan (SPP) of up to $3m, resulting in a total capital raising of up to $12m (before costs).
The placement was met with strong demand from international and domestic institutions together with sophisticated and professional investors.
Antipa managing director Roger Mason said the fully-owned Minyari Dome project offered the company a compelling gold production opportunity in Western Australia’s Paterson Province, which is strategically located just 35km from Newcrest’s Telfer 22Mtpa processing facility