Australia's Anax Metals hits near 3-yr low on discounted entitlement offer

Anax Metals

27/09/2023 05:48

** Shares of Australian explorer Anax Metals  ANX.AX  fall
as much as 12.5% to A$0.035, lowest level since Nov. 2020   
    ** Co announces A$5.0 mln non-renounceable entitlement offer
    ** Adds, issue price of A$0.035 per share representing a
12.5% discount to stock's last closing 
    ** Adds, funds to be used for it's Whim Creek Project, in
Western Australia and for lithium exploration 
    ** Stock down 24.5% YTD, as of last close


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