Golden Rim Resources hits record low on discounted capital raise

Asara Resources

09/12/2022 24:04

** Shares of Golden Rim Resources  GMR.AX  fall as much as
5.9% to an all-time low of A$0.032
    ** Miner receives firm commitments to raise approximately
A$2.44 mln ($1.65 mln) at A$0.03 per share 
    ** Placement is at discount of 5.9% to stock's last close 
    ** Co also launched 1 for 2 pro-rata non-renounceable
entitlement to raise approximately A$5.89 mln 
    ** Co sees biggest intraday fall since Dec. 1 
    ** Shares are down 75.7% YTD as of last close 
($1 = 1.4760 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))