Australia's Copper Search hits record low on discounted placement

Altitude Minerals

06/11/2023 02:15

** Shares of Copper Search  CUS.AX  fall as much as 18.9% to
an all-time low of A$0.15
    ** Mineral explorer says received commitments for placing
A$1.0 mln ($651,300.00)
    ** Issue price of A$0.13 per share, representing a discount
of 29.7% to stock's last close of A$0.185
    ** Issue of 7.7 mln shares represents 0.28% of co's free
float of 27.3 mln shares - LSEG data
    ** Stock down 5.1% YTD, as of last close

($1 = 1.5354 Australian dollars)

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