Antipa Minerals Ltd (ASX: AZY) (Antipa or the Company) is pleased to advise it has placed the entire shortfall from the recently completed pro-rata non-renounceable entitlement offer (Entitlement Offer) (refer to announcement of 6 October 2023) of circa A$1.3 million (before costs) via the placement of approximately 101.4 million fully paid ordinary shares (Placement).
As per the terms of the Entitlement Offer, the Placement of shortfall is at an issue price of $0.013 per share, with subscribers also receiving one (1) free option to acquire a share (Option) for every two (2) shares applied for and issued. A total of approximately 50.7 million Options will be issued together with the shares. The Options will be exercisable at $0.02 with an expiry date of 23 October 2025. The Placement and Options were offered pursuant to the shortfall offer under section 2.7 of the Company's replacement prospectus dated 15 September 2023.
The Placement and Options will be issued in compliance with ASX Listing Rule 7.2 exception 3 and therefore will not affect the Company's placement capacity under ASX Listing Rules 7.1 and 7.1A. The Placement is expected to settle on Wednesday, 25 October 2023, with shares to be issued and commence trading on the ASX on a normal settlement basis on Thursday, 26 October 2023.
Antipa's Managing Director, Roger Mason commented 'The inbound demand received with respect to our entitlement shortfall shares is a robust endorsement for the compelling exploration activities currently underway at our 100% owned Minyari Dome Project. The additional funds will be applied to our aggressive resource growth and discovery drilling at the exciting GEO-01, Tetris and Pacman targets.'
Release authorised by Roger Mason Managing Director For further information, please visit www.antipaminerals.com.au or contact: Roger Mason Mark Rodda Managing Director Antipa Minerals Ltd +61 (0)8 9481 1103 Executive Director Antipa Minerals Ltd +61 (0)8 9481 1103 ANTIPA MINERALS LTD ABN 79 147 133 364 Level 2, 16 Ord Street, West Perth, Western Australia, 6005 Michael Vaughan Media Relations Fivemark Partners +61 (0)422 602 720
About Antipa Minerals
Antipa Minerals Ltd (ASX: AZY) (Antipa or the Company) is a leading mineral exploration company with a strong track record of success in discovering world-class gold-copper deposits in the highly prospective Paterson Province of Western Australia. The Company's exploration and advancement programme is focused on identifying and unlocking the full potential of the region, which offers significant opportunities for profitable mining operations. The Company's tenement holding covers over 5,100km2 in a region that is home to Newcrest's world-class Telfer mine and some of the world's more recent large gold-copper discoveries including Rio Tinto's Winu and Newcrest-Greatland Gold's Havieron. Exploration success has led to the discovery of several major mineral deposits on Antipa's ground, including the wholly owned, flagship 900km2 Minyari Dome Gold-Copper Project. Minyari Dome currently hosts a 1.8 Moz gold resource (at 1.6 g/t) which was the subject of a Scoping Study (August 2022) indicating the potential for a sizeable initial development with further substantial upside. Antipa is pursuing an aggressive drilling programme this year, targeting substantial and rapid growth to the existing gold copper resources at Minyari Dome, delivering strong further value enhancement to the existing development opportunity, and making new significant gold-copper discoveries.
Forward-Looking Statements: This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Antipa Mineral Ltd's planned exploration programme and other statements that are not historical facts. When used in this document, the words such as 'could,' 'plan,' 'estimate,' 'expect,' 'intend,' 'may,' 'potential,' 'should,' and similar expressions are forward-looking statements. Although Antipa Minerals Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
Competent Persons Statement - Mineral Resource Estimations for the Minyari Dome Project Deposits, Calibre Deposit, Magnum Deposit and Chicken Ranch Area Deposits and Tim's Dome Deposit: The information in this document that relates to relates to the estimation and reporting of the Minyari Dome Project deposits Mineral Resources is extracted from the report entitled 'Minyari Dome Project Gold Resource Increases 250% to 1.8 Moz' created on 2 May 2022 with Competent Persons Ian Glacken, Jane Levett, Susan Havlin and Victoria Lawns, the Tim's Dome and Chicken Ranch deposits Mineral Resources is extracted from the report entitled 'Chicken Ranch and Tims Dome Maiden Mineral Resources' created on 13 May 2019 with Competent Person Shaun Searle, the Calibre deposit Mineral Resource information is extracted from the report entitled 'Calibre Gold Resource Increases 62% to 2.1 Million Ounces' created on 17 May 2021 with Competent Person Ian Glacken, and the Magnum deposit Mineral Resource information is extracted from the report entitled 'Calibre and Magnum Deposit Mineral Resource JORC 2012 Updates' created on 23 February 2015 with Competent Person Patrick Adams, all of which are available to view on www.antipaminerals.com.au and www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant original market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements. The information in this document that relates to the Scoping Study for the Minyari Dome Project is extracted from the report entitled 'Strong Minyari Dome Scoping Study Outcomes' reported on 31 August 2022 which was compiled by Competent Person Roger Mason, which is available to view on www.antipaminerals.com.au and www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the study in the relevant original market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
ANTIPA MINERALS LIMITED 
