Australia's Antipa Minerals hits 4-1/2-month low on discounted placement

Antipa Minerals

20/06/2024 02:23

** Shares of Antipa Minerals  AZY.AX  fall as much as 12.5%
to A$0.0105, lowest level since Feb. 5
    ** Stock to mark worst day since Feb. 6 if current losses
hold
    ** Diversified miner receives binding commitments for a
placement to raise A$5.75 mln ($3.84 mln) at A$0.01 per share
    ** Issue price represents a discount of 16.7% to stock's
last close
    ** Co says proceeds to be used for continued advancement of
flagship onshore Minyari Dome Gold-Copper project
    ** Stock down 29.4% this year, as of last close

($1 = 1.4984 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))