Bluebird Merchant falls on discounted placing
06/03/2023 13:45
** Shares of South Korea-focused mine rehabilitation firm
Bluebird Merchant Ventures Ltd BMV.L fall as much as 8.8% to
1.96p; among top pct losers across London stocks .FTAS
** Company raises 1.2 mln pounds ($1.5 mln) via a placing
and subscription of 60.75 mln new shares at 2p/share
** Placing price represents a discount of 6.9% on previous
close of 2.15p
** Proceeds from placing to fully fund proof-of-concept
production at its Kochang gold and silver mine in South Korea -
BMV
** As of last close, stock up 19.4% YTD
($1 = 0.8334 pounds)
(Reporting by Hani Kollathodi)
((Hani.Kollathodi@thomsonreuters.com))