Australia's Antilles Gold plunges 25% on share issue

Antilles Gold

18/09/2024 04:02

** Shares of Antilles Gold  AAU.AX  plunge as much as 25%
    ** Stock posts biggest intraday pct loss since Aug. 6 
    ** Miner raises A$1.5 mln ($1 mln) by issuing 394.3 mln
shortfall shares from an entitlement offer for projects in Cuba
    ** Issue price of A$0.004/shr in line with Tuesday's close
    ** Trading vol of 10.4 mln shares nearly double the 30-day
avg
    ** Stock has plunged 87% YTD
 
 ($1 = 1.4789 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))