Argonaut, as Lead Manager to the Placement, has successfully raised approximately A$7 million for Antipa Minerals Limited (ASX: AZY) (“Antipa Minerals” or “the Company”) via a placement to Australian investors and affiliates & clients of the Sprott Group of Companies and a share purchase plan to existing shareholders.
Proceeds of the raising will be used to conduct further exploration of the Company’s 100% owned North Telfer Project, which hosts the high-grade gold/copper Minyari and WACA deposits, and Judes prospect, as well as fund additional working capital and transaction costs.
Executive Chairman, Stephen Power said “We are very pleased that the broader investment community is starting to recognise the prospectivity of our large ground holdings in the world class Proterozoic Paterson Province of Western Australia. We welcome all new shareholders onto the register and believe that the introduction of institutional and additional sophisticated investors to this register will further enhance the Company’s prospects and support potential future development.”
Argonaut is delighted to provide support to Antipa Minerals and looks forward to continue working with the Company.
Additional information regarding Antipa Minerals and the capital raising can be found on the Company’s website at www.antipaminerals.com.au.