Australia's Anson Resources falls on discounted share placement

Anson Resources

16/09/2022 04:04

** Shares of Anson Resources  ASN.AX  fall as much as 9.4%
to A$0.385, their worst day since Sept 5, if gains hold 
    ** The mineral explorer raises A$50 mln ($33.52 mln) at an
issue price of A$0.36 per share  urn:newsml:reuters.com:*:nASX3LJ9fv
    * Issue price at a 15.3% discount to stock's closing price
on Wednesday, when it last traded 
    ** Says funding will be used to develop the Paradox Lithium
Project into a major supplier of high purity battery grade
Lithium Carbonate into the U.S. Electric Vehicle market.
    ** Stock up over 214% this year as of last close 


($1 = 1.4916 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))