Australia's Black Canyon slips on discounted placement

Black Canyon

05/09/2025 03:34

** Black Canyon BCA.AX slips 9.3% to A$0.440; set for biggest intraday percent drop since June 20

** Manganese-copper explorer announces placement worth A$10 mln ($6.5 mln) at A$0.42/share

** Issue price represents 13.4% discount to last close

** Funds will be used to accelerate drilling, metallurgical testwork, development studies at Wandanya in Western Australia

** However, BCA surges 576.9% YTD

($1 = A$1.5389)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com;))