Australia's Aguia Resources falls to three-week low on discounted placement
17/11/2021 04:25
** Shares of mineral explorer Aguia Resources Ltd AGR.AX
fall as much as 5.45% to A$0.052 after co announces completion
of discounted placement
** Stock hits lowest level since Oct. 26, set for biggest
single-day percentage fall since Nov. 9
** Co says it completed a private placement to raise A$2.55
million at A$0.05 per share, a 9.1% discount to Friday's close
of A$0.055 urn:newsml:reuters.com:*:nASX35CNmT
** Also announces share purchase plan to raise up to an
additional A$500,000
** Funds to be used for drilling and exploration of the
Andrade Copper Deposit in Brazil, among others
** Trading of stock halted on Monday pending the
announcement
** AGR down 24.66% so far this year, as of Friday's close
(Reporting by Harshita Swaminathan in Bengaluru)
((Harshita.Swaminathan@thomsonreuters.com))