Australia's James Bay Minerals slides on discounted placement

Black Bear Minerals

06/12/2024 24:17

** Shares of James Bay Minerals  JBY.AX  fall as much as
16.9% to A$0.715, biggest intraday fall since Nov. 7
    ** Mineral explorer says it is raising A$6 million ($3.87
million) to accelerate Independence Gold Project, Battle
Mountain, Nevada
    ** Issue price of A$0.65 per share represents a 24.42%
discount to last closing price
    ** Stock hits lowest level since Dec. 2
    ** JBY up 173% YTD, as of last close

($1 = 1.5521 Australian dollars)

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