Australia's AIC Mines falls on discounted placement

AIC Mines

24/06/2025 03:03

** Shares of AIC Mines A1M.AX fall 10.6% to A$0.295, their lowest since April 11

** Stock on track for worst day since April 7, if trends continue

** Mining co raises A$55 million ($35.65 million) at A$0.30 via placement

** Issue price is at a discount of 9.1% to the stock's last close

** About 5.1 million shares change hands, 3.5x the 30-day average of 1.5 million

** Stock down 13.2% YTD, including the current session's moves

($1 = 1.5430 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))