Australia's Caprice Resources drops on discounted placement

Caprice Resources

05/06/2025 01:56

** Shares of Caprice Resources CRS.AX fall as much as 8.2% to A$0.056, their lowest point since May 23

** Stock set for its worst session since May 13, if current trends hold

** The mineral explorer receives commitments to raise A$7 million ($4.55 million) via placement

** Issue price of A$0.052 apiece, represents a 14.8% discount on stock's last close

** Says funds will be used for exploration programmes at the Island Gold and Cuddingwarra Projects in Western Australia, others

** About 3.2 mln shares change hands vs the 30-day average of 2.7 mln shares

** Stock up 152.2% YTD, including current session's moves

($1 = 1.5382 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))