Australia's Aguia Resources falls on discounted placement

Aguia Resources

22/07/2026 06:42

** Shares of Aguia Resources AGR.AX fall as much as 10.5% to A$0.017, their lowest level in nearly six weeks    
** Phosphate producer receives binding commitments for A$3 million ($2.10 million) placement 
** Issue price of A$0.017 per share represents a 10.5% discount to stock's last close 
** Adds, funds will be used to advance production of Tres Estradas phosphate project in Brazil, others
** YTD, stock down 20.5%, including session's moves
($1 = 1.4280 Australian dollars)

(Reporting by Shravya Marakini in Bengaluru)
((Shravya.Marakini@thomsonreuters.com;))