Antipa Minerals Ltd directors show faith in company through participation in SPP

Antipa Minerals Ltd () directors have demonstrated their faith in the company by participating in a share purchase plan (SPP) completed on May 18.  

The SPP raised A$3 million, increasing the total number of funds raised under the capital raising to A$25 million.  

Proceeds will be used to meet Antipa’s share (35%) of the Citadel Joint Venture CY21 exploration expenditure, in addition to funding ongoing exploration activities at the Company’s 100% owned Minyari Dome Project and for general working capital purposes. 

Change of directors’ interests  

All five directors acquired 439,470 shares on May 24 for A$0.042 per share.  

Executive chairman Stephen Power increased the number of securities held to 59.855 million in one indirect interest with another 1.5 million held in a separate indirect interest.

Managing director Roger Mason increased an indirect holding to almost 3.437 million with a further 11,249,775 held in another indirect interest.

Non-executive director Mark Rodda now holds more than 1.22 million in one indirect interest with further amounts of 17,250,001, 1.5 million and almost 14.25 million held in other indirect interests.

Non-executive director Gary Johnson now holds in excess of 2.9 million shares in one indirect interest with another indirect interest holding 875,000.  

As well as the SPP participation, non-executive director Peter Buck also acquired 1 million shares at A$0.045 per share in an on-market transaction on May 21 and now holds a total of 15,079,018 shares.