Antilles Gold hits over 2-year low on discounted capital raise

Antilles Gold

06/12/2022 24:38

** Shares of Antilles Gold Ltd  AAU.AX  fall as much as
10.8% to A$0.033, their lowest since May 20, 2020
    ** AAU set for worst day since Nov. 17
    ** Miner says will raise A$2.0 mln ($1.34 mln) to fund its
activities in Cuba  urn:newsml:reuters.com:*:nASX6dB4Td
    ** Says shares will be issued at A$0.033 each — a discount
of 8.3% to stock's last close
    ** AAU is down 52.6% YTD as of last close 
($1 = 1.4919 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))