Aurelia Metals set for worst day in over 7 months on discounted placement

Aurelia Metals

01/06/2023 02:05

** Shares of Aurelia Metals  AMI.AX  slip as much as 19.3%
to A$0.093, set for their worst day since Oct 2022, if losses
hold
    ** The gold and base metals explorer says it secured funding
for its Federation Project of about A$100 mln ($67.83 mln)
through new senior secured financing facilities and A$40 mln
through equity placement
    ** The issue price of A$0.090 was 18.2% lower to co's
closing price on Tuesday, after which shares went on a trading
halt
    ** Co says new capital structure will help restart
development of Federation project in New South Wales
    ** Stock is top loser in the ASX all ordinaries index
 .AORD 
    ** AMI stock hits lowest since March 15 
    ** Over 8 mln shares change hands, compared with the 30-day
average of 2.4 shares 
    ** Stock down 8% this year, as of last close 
    

    ($1 = 1.4743 Australian dollars)
    
    

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))