Australia's Ausgold falls on discounted capital raising

Ausgold

06/06/2024 03:08

** Shares of Ausgold  AUC.AX  fall as much as 11.4% to
A$0.031, hitting their lowest level since May 20
    ** Gold explorer raises A$38 mln ($25.38 mln) at A$0.03 per
share 
    ** Co says issue price is at a 14.3% discount to stock's
last closing price
    ** Stock posts its biggest intraday pct fall since May 21
    ** Stock up more than 9% this year, as of last close

($1 = 1.4970 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))