Australian Gold and Copper falls on discounted placement

Australian Gold and Copper

29/05/2024 03:28

** Shares of Australian Gold and Copper  AGC.AX  falls as
much as 10.8% to A$0.370
        ** Stock extends declines to third consecutive session,
hits lowest level since May 21
  
    ** Co says firm commitments received for A$11 mln ($7.3 mln)
placement
    ** Issue price of A$0.32 per new share at a 22.9% discount
to last close
    ** Funds will be use for exploration assets including South
Cobar Project
    ** AGC up 484.51% YTD, as of last close

($1 = 1.5031 Australian dollars)

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