Australia's Trigg Minerals hits 3-week low on discounted placement

American Tungsten & Antimony

16/10/2024 05:01

** Shares of Trigg Minerals  TMG.AX  fall as much as 8.3% to
A$0.028, their lowest levels in three weeks
    ** The mineral explorer receives commitments to raise A$2.5
mln ($1.67 mln) through the issue of 100 mln shares
    ** Issue price of A$0.025 at a discount of 16.7% to stock's
last closing price
    ** Says proceeds will be used for advancement of Achilles
Antimony, Taylors-Arm and Spartan Antimony project, among others
    ** Stock up 185% YTD, including current session's moves

   ($1 = 1.4934 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))