The company last week announced plans to raise A$25-million through the institutional share placement and a share purchase plan (SPP) to maintain its 35% interest in the Citadel joint venture (JV) with major  4/29/2021.

Antipa on Thursday said that is completed the placement of more than 523.8-million shares at a price of 4.2c each to raise an initial A$22-million.

The SPP will close on May 13, and is expected to raise a further A$3-million, allowing existing shareholders.