ASX-listed Almonty sinks on $1.4 mln discounted placement

Almonty Industries

23/01/2023 03:12

** Shares of ASX-listed Almonty Industries  AII.AX  slump as
much as 11.1% to A$0.800, seeing their worst day since Oct. 13,
if losses hold 
    ** The tungsten miner says it has received firm commitments
to raise A$2 million ($1.40 million) via issue of Chess
Depository Receipts 
    ** Says funds raised will be used for general working
capital 
    ** Issue price of A$0.80 per share is at an 11.1% discount
to the last price on Jan. 19 
    ** Stock hits lowest since Jan. 13 
    ** ASX-listed shares had fallen 12.6% in 2022; on YTD basis,
stock up 8.43% as of last close 
($1 = 1.4325 Australian dollars)
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))