Australia's Ausquest falls most in near 9 months on discounted entitlement offer

AusQuest

07/10/2024 02:20

** Shares of Australia's Ausquest Ltd  AQD.AX  fall as much
as 18.2% to A$0.009, their biggest intraday pct drop since Jan
17
    ** Stock at its lowest level since Sept 13
    ** The mineral explorer launches non-renounceable rights
offer to raise A$2.6 mln ($1.77 mln) at an issue price of
A$0.008 per share
    ** Issue price at a discount of 27.3% to stock's last
closing
    ** Entitlement offer to advance co's projects in Peru and
Australia - AQD
    ** Stock has fallen 18.2% this year, as of 0051 GMT

    ($1 = 1.4706 Australian dollars)
    
    

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))