Australia's Antipa Minerals hits over 1-year low on discounted placement

Antipa Minerals

12/09/2022 07:41

(Repeats to widen distribution with no changes to text)
    ** Shares of Australia's Antipa Minerals  AZY.AX  slump as
much as 16.2% to A$0.026, their lowest since April 6, 2021
    ** The Australian miner says it received binding commitments
to raise A$9 mln ($6.15 mln) before costs via a placement of
333.7 mln shares  urn:newsml:reuters.com:*:nTUE887W0S
    **Issue price of A$0.027 represents a 12.9% discount to
stock's last closing price of A$0.031 on Sept. 7 
    ** More than 8 mln shares change hands, vs the 30-day
average volume of 2.3 mln 
    ** Antipa stock down 36.7% this year, as of last close
    
    ($1 = 1.4643 Australian dollars)

 (Reporting by Poonam Behura)
 ((Poonam.Behura@thomsonreuters.com;))