Antipa Minerals Ltd (ASX: AZY) has unveiled plans for a pro-rata non-renounceable rights issue (Rights Issue) available to eligible shareholders following a successful AU$5.0 million placement (Placement) announced last week. The Rights Issue will be conducted on a one-for-twenty-six basis, with the goal of raising up to AU$2.0 million (before expenses). Eligible shareholders can acquire shares at an issue price of AU$0.013 per share, mirroring the Placement's pricing.
Additionally, Antipa will grant one free attaching option for every two shares subscribed to via the Rights Issue, under the same terms as those offered in the Placement. The Rights Issue may raise an additional AU$2.0 million, with applications exceeding entitlements being considered. The total funds raised, including the Placement and Rights Issue, are expected to reach around AU$7.0 million (before expenses). These funds will support the extension of exploration and appraisal activities at the flagship Minyari Dome Gold Project (100% AZY).
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
