Aus' Caprice sees worst day since end-June on 16.7% discounted placement

Caprice Resources

16/12/2022 02:18

** Shares of Australia's Caprice Resources  CRS.AX  fall as
much as 16.7% to A$0.05, set to lose most since June 30 if
losses hold 
    ** The mineral assets explorer receives firm commitments to
raise upto A$1.34 million ($899,006.00) at an issue price of
A$0.05 per share; which represents a discount of 16.7% to co's
last close
    ** Says capital raise to fund exploration activities at co's
 Mukinbudin Rare Earth Element (REE) Project located NE of
Perth; whose acquisition co announced earlier in the day
    ** More than 490,000 shares change hands as compared to the
30 day average volume of 87,212 shares
    ** Stock has fallen 66.7% this year, as of last close
($1 = 1.4905 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))