Antipa Minerals to turbocharge exploration with up to $7 million raise
September 04, 2023 at 03:01 pm EDT
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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
jonathan@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Antipa Minerals Limited is a mineral exploration company. The Companyâs tenement holding covers over 5,100 square kilometers. The Companyâs Minyari Dome Project is located approximately 35 kilometers (km) north of Newcrestâs Telfer gold-copper-silver mine. The 100%-owned Minyari Dome Project area covers approximately 877 square kilometers and features a geological structure referred to as Minyari Dome, which hosts the Minyari and WACA deposits. Its Citadel JV Project area consists of approximately 1,200 square kilometers of prospective but largely underexplored Proterozoic stratigraphy in the north of the Paterson Province. Its Paterson Project comes to within 22 km of Newcrestâs Telfer gold-copper-silver mine. Its Wilki Project consists of approximately 1,470 square kilometers area located on the southern portion of the Companyâs 100%-owned tenement ground in the Paterson Province of Western Australia. The Wilki Project comes to within 3 km of its Telfer gold-copper-silver mine.