Australia's Antipa Mineral falls on discounted placement

Antipa Minerals

07/07/2025 02:28

** Shares of Antipa Minerals AZY.AX fall 11.7% to A$0.605, their lowest since May 30

** Mineral exploration co announces placement to raise A$40 mln ($26.13 mln) at A$0.60 per share

** Issue price represents a discount of 12.4% to stock's last close

** Stock on track for worst session since December 19 if current losses hold

** About 3.9 mln shares change hands, 1.5x the 30-day average of 2.6 mln

** Stock up 135.6% YTD, including current session's moves

($1 = 1.5307 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))