PERTH (miningweekly.com) – ASX-listed Antipa Minerals has raised an initial A$22-million through the completion of its institutional share placement.
The company last week announced plans to raise A$25-million through the institutional share placement and a share purchase plan (SPP) to maintain its 35% interest in the Citadel joint venture (JV) with major Rio Tinto.
Antipa on Thursday said that it completed the placement of more than 523.8-million shares at a price of 4.2c each to raise an initial A$22-million.
The SPP will close on May 13, and is expected to raise a further A$3-million.