Australia's BOA Resources falls to 1-week low on discounted placement

BOA Resources

22/10/2026 02:20

** Shares of BOA Resources BOA.AX fall as much as 14% to A$0.108, their lowest level since October 15
** The copper and nickel explorer looks to raise A$9.2 million ($6.46 million) via a two-tranche placement
** The placement offer price is A$0.105 per share, representing a 16% discount from stock's last close 
** YTD, stock up 283.33%, including the session's moves

   ($1 = 1.4231 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))