Australia's Pacgold falls on discounted share placement
31/07/2026 03:57
BUZZ-Australia's Pacgold falls on discounted share placement ** Shares of Australia's Pacgold PGO.AX fall as much as 8.8% to A$0.155, on track for their biggest intraday pct loss since June 11, if trends hold
** Gold development and exploration co receives firm commitments to raise A$13 million($9.13 million) via share placement
** Placement is priced at A$0.15 per share, representing an 11.7% discount to stock's last close on July 28
** Funds will be used to ramp up production and expansion at the company's White Dam Gold Project following the discovery of gold and copper
** Including session's move, PGO up 94.2% YTD
($1 = 1.4243 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)