Australia's Balkan Mining and Minerals falls to 1-month low on discounted placement

Bayan Mining and Minerals

27/06/2024 03:14

** Shares of Balkan Mining and Minerals  BMM.AX  fall as
much as 5.8% to A$0.049, their lowest levels since May 29
    ** Co receives commitments to raise A$750,000 at an issue
price of A$0.05 apiece
    ** Adds that issue price is at 4% discount to stock's last
close
    ** Stock posts its biggest intraday pct fall since June 19
    ** Stock down 52% this year, as of last close

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