Form D of The Day: Antipa Minerals $1.51 million Fundraising. Simon Robertson Published Nov 23 Form D

Antipa Minerals Ltd - Simon Robertson

Antipa Minerals Financing

Antipa Minerals Ltd, Corporation just had published form D announcing $1.51 million equity financing. This is a new filing. Antipa Minerals was able to sell $1.51 million. That is 100.00% of the offering. The total financing amount was $1.51 million. This form was filed on 2016-11-23. The reason for the financing was: AUD$ 2,000,000 was received from the offering. Amounts converted to USD$ at 0.7552, as published by the Reserve Bank of Australia for November 16, 2016, the closing date..

Antipa Minerals is based in Australia. The firm’s business is not disclosed. The D form was filed by Simon Robertson Company Secretary. The company was incorporated more than five years ago. The filler’s address is: Level 1, 42 Ord Street, West Perth, C3, Australia, 6005. Stephen Power is the related person in the form and it has address: Level 1, 42 Ord Street, West Perth, C3, Australia, 6005. Link to Antipa Minerals Filing: 000161577416008560.

Analysis of Antipa Minerals Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Antipa Minerals sold 100.00% of the offering. Could this mean that the trust in Antipa Minerals is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 50.48% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms get financed for different needs and reasons. The minimum investment for this offering was set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Antipa Minerals Also

The Form D signed by Simon Robertson might help Antipa Minerals Ltd’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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