Australia's Anson Resources hits 7-month low on discounted placement

Anson Resources

20/09/2024 03:22

Sept 20 (Reuters) -    ** Shares of Anson Resources
 ASN.AX  fall as much as 11.4% to A$0.078, their lowest since
mid-February
    ** Shares post biggest pct loss since July 31
    ** Mineral explorer receives binding commitments to raise
A$5 mln ($3.40 mln) through a placement
    ** Issue price of A$0.08 at a 9.1% discount to close on Sep.
17
    ** Says funds will be primarily used for engineering work at
Green River Lithium Project in the U.S.
    ** About 6 mln shares traded, about 3.6x the 30-day avg of
1.7 mln shares 
    ** Stock down 43.6% YTD as at 0218 GMT
    
($1 = 1.4697 Australian dollars)

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