Australia's Alicanto Minerals loses most in 4 months on discounted placement
10/06/2026 06:12
BUZZ-Australia's Alicanto Minerals loses most in 4 months on discounted placement ** Shares of Australia's Alicanto Minerals AQI.AX fall as much as 15% to A$1.42, its biggest intraday pct drop since Feb 6
** Stock touches lowest level since May 11
** The mineral explorer says it would raise A$30 million ($21.05 million) through placement
** Offer price of A$1.55/share represents a 7.2% discount as of co's last close on 5 June, before it went on a trading halt for the placement announcement
** Says funds raised to be used to support co's drilling programs, exploration activities including others
** YTD, stock down 20%, including day's moves
($1 = 1.4249 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
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