Australia's Pacgold hits over 2-week low on discounted capital raising
22/09/2023 03:23
** Shares of Pacgold Ltd PGO.AX slide as much as 7.1% to
A$0.195, their lowest since Sept. 7
** The gold miner says received firm Commitments for a A$3.2
million ($2.06 million) placement of new shares
** Issue price of A$0.19 per share represents a 9.5%
discount to the last closing price of A$0.21 on Sept. 19
** The company was under a trading halt on Sept. 20 pending
announcement on a capital raising
** More than 214,683 shares change hands, double the 30-day
average volume
** Stock down 41.7% this year as of last close
($1 = 1.5571 Australian dollars)
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))