Antipa Minerals: Enters $30M farm-in with IGO, launches $3.6M placements
- Antipa Minerals has announced a $30M farm-in agreement with IGO as well as two share placements totalling roughly $3.6 million
- The farm-in with IGO will allow it to earn a 70 per cent interest in Antipa’s wholly-owned tenements within the Paterson province of WA
- To do this, IGO will need to spend $30 million on exploration within the first 6.5 years of the farm-in
- Once this has completed, the companies will enter a joint venture
- The placement with IGO will see it acquire a 4.9 per cent shareholding in Antipa for 2.75 cents each to raise $3.27 million
- Additionally, Antipa has entered a subscription agreement with Newcrest Mining
