Australia's Buxton Resources falls on discounted placement

Buxton Resources

02/04/2026 02:00

** Buxton Resources BUX.AX falls as much as 4.8% to A$0.040; marks steepest one-day pct drop since March 23

** Diversified miner receives firm commitments to raise A$3 mln ($2.1 mln) via placement at A$0.035/share

** Issue price represents 16.7% discount to last close

** Funds will be used to advance drilling, exploration at co's Australian projects, ongoing project evaluation activities, among others

** YTD, BUX up 30.3%

($1 = A$1.4440)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))