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ADM Energy PLC (AIM:ADME) | RNS | ADM Energy PLC - Completion of Barracuda Field Transaction
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Investment in Antipa Minerals
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 7,142,860 new ordinary shares in Antipa Minerals Limited (ASX:AZY) (“Antipa”) at an issue price of per share for a total consideration of approximately (c.£166,176).
A$0.042
A$300,000
The investment forms part of an institutional placement by Antipa of approximately and a Share Purchase Plan of up to (the “SPP”), resulting in a total capital raise of up to . The placement was met with strong demand from international and domestic institutions together with sophisticated and professional investors. Newcrest Limited, Antipa’s largest shareholder, committed to approximately to maintain its pro-rata shareholding at 9.9% and IGO Limited who subscribed for approximately to maintain its shareholding at 4.9%.