Australia's Antilles Gold slips on discounted placement

Antilles Gold

27/11/2023 02:14

** Shares of Antilles Gold  AAU.AX  fall as much as 17.9% to
A$0.023, set for worst day since Sept. 6, if losses hold       
    ** Mining co says its received firm commitments to subscribe
for 45.5 million fully paid new shares to raise A$1.05 million 
($683,340.00) before costs
    ** Issue price of A$0.023, at a 17.85% discount to the
stock's last closing price
    ** Stock hits lowest level since Nov. 15
    ** 4.5 mln shares change hands, compared with the 30-day
average volume of 1.8 mln
    ** Stock set for snapping three-day winning streak, if
losses hold
    ** AAU down over 6% YTD, as of last close


($1 = 1.5366 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))