Australia's Bryah Resources falls most in 3 weeks on discounted placement

Albright Metals

21/11/2023 02:16

** Shares of Bryah Resources  BYH.AX  fall as much as 10% to
A$0.018, their biggest intraday fall since Oct. 30
    ** Stock at its lowest level since Nov. 14
    ** The mineral explorer says received commitments to raise
A$1.45 mln ($943,660.00) at an issue price of A$0.017 per share
    ** Issue price represents a discount of 15% to stock's last
closing
    ** Adds funds raised to be used for fast tracking Lake
Johnston Lithium exploration in Western Australia
    ** Issue of  85.3 mln shares represents ~0.4% of co's free
float of 225.0 mln shares - LSEG data
    ** Stock down 22.1% YTD as of last close
    
($1 = 1.5366 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))