
July 14, 2024
Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) advises that it has received applications for a total of 464,892,732 entitlement shares and shortfall shares from its Rights Issue which closed on 9 July 2024.
The Company will issue 464,892,732 new fully paid ordinary shares, and 232,446,377 new options exercisable at $0.01 each on or before 31 December 2026, and will apply for quotation of the options on the ASX. The new securities are expected to be issued on or before Tuesday 16 July 2024.
The Company intends to supplement the $1.86 million raised over the next three months by a placement to a cornerstone shareholder, and with proceeds from the anticipated sale of around $1.3 million of surplus plant and equipment.
The Company is currently in discussions with a substantial Investment Group that have expressed interest in becoming a 19.9% shareholder, and if the proposed transaction proceeds, they would seek to appoint a director to Antilles Gold’s Board and possibly to the Board of the Cuban joint venture company, Minera La Victoria SA, and actively support the objectives of the joint venture. Negotiations on this matter are continuing.
Antilles Gold wishes to thank all shareholders and new investors who have taken up shares in the issue as it will allow the Company to subscribe for a further $1.2 million of shares in Minera La Victoria, leaving only ~$0.8 million outstanding to finalise its $23.0 million (US$15.0 million) earn-in for a 50% shareholding, and will ensure the completion of pre-development activities for the small, but important, Nueva Sabana mine, and continuity of the DFS for the La Demajagua project.
END
This announcement has been authorised by the Board of Antilles Gold Limited. For further information, please contact:
Brian Johnson, Chairman,
Antilles Gold Limited T: +61 (02) 4861 1740
E: brianjohnson@antillesgold.netClick here for the full ASX Release
This article includes content from Antilles Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
AAU:AU
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
23 June 2024
Antilles Gold Limited
Developing Gold and Copper Projects in mineral‐rich Cuba
Developing Gold and Copper Projects in mineral‐rich Cuba Keep Reading...
17 February 2025
Antilles Gold to Raise $1.0M for Working Capital
Antilles Gold Limited (AAU:AU) has announced Antilles Gold to Raise $1.0M for Working CapitalDownload the PDF here. Keep Reading...
31 January 2025
Quarterly Activities/Appendix 5B Cash Flow Report
Antilles Gold Limited (AAU:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
12 January 2025
Summary of Pre-Feasibility Study for Nueva Sabana Mine
Antilles Gold Limited (AAU:AU) has announced Summary of Pre-Feasibility Study for Nueva Sabana MineDownload the PDF here. Keep Reading...
11 December 2024
Revision to Updated Scoping Study Nueva Sabana Mine, Cuba
Antilles Gold Limited (AAU:AU) has announced Revision to Updated Scoping Study Nueva Sabana Mine, CubaDownload the PDF here. Keep Reading...
19h
Top 5 Canadian Mining Stocks This Week: Lighthouse Gold Shines with 78 Percent Gain
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Reuters reported on Friday (June 19) that a Panamanian government-led audit of First Quantum... Keep Reading...
19h
David Nicholas: Gold's Next 30 Days — 10 Percent Price Pop?
David Nicholas, co-founder of XFunds, shares his outlook for gold, calling it "very constructive." In his view, it wouldn't be surprising to see an 8 to 10 percent price increase in the next 30 days. "I think gold and silver are the next trades to do really well here," Nicholas said.Don't forget... Keep Reading...
19 June
DGCX Introduces First Same-Day Physical Gold Contract in Gulf
The Dubai Gold and Commodities Exchange (DGCX) will launch the Gulf region’s first same-day physically settled spot gold contract on Monday (June 22), providing bullion dealers a regulated alternative to traditional over-the-counter markets.The Gold Spot T+0 Contract allows refineries, brokers,... Keep Reading...
17 June
Gold Price Dips Back Below US$4,300 as New Fed Chair Holds Rates Steady
The US Federal Reserve held its first meeting with new Chair Kevin Warsh from Tuesday (June 16) to Wednesday (June 17) as a US-Iran peace deal is on the table and the US economy is in the midst of a three-year inflation high alongside a resilient labor market. The central bank held the federal... Keep Reading...
17 June
Jeffrey Christian: Gold, Silver, PGMs — My Summer Price Outlook
Jeffrey Christian, managing partner at CPM Group, shares his summer outlook for gold and silver prices, saying he expects consolidation within a volatile range. However, as the year continues, he believes both precious metals could move back toward highs seen earlier in 2026. Platinum and... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






