Australia's Trigg Minerals falls on discounted placement

American Tungsten & Antimony

05/07/2024 02:13

** Shares of Trigg Minerals  TMG.AX  fall as much as 16.7%
to A$0.010; set to lose most since May 30, if current trends
hold
    ** Gold and base metals exploration co receives commitments
to raise A$600,000 ($403,920) at issue price of A$0.008 apiece
    ** Issue price is at 33% discount to stock's last closing
price
    ** TMG has risen over 40% so far this week, on track for its
best week since week-ending April 5
    ** Stock up 20% this year, as of last close

($1 = 1.4854 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))