Castile Resources sees worst day in almost a week on discounted placement
01/08/2022 04:27
** Shares of Castile Resources CST.AX lose as much as 6.5%
to A$0.145, see their worst day in almost a week
** The mineral explorer says it has received firm
commitments to raise approximately A$5.5 million ($3.84
million), out of which A$4.8 mln will be raised via a single
tranche placement urn:newsml:reuters.com:*:nFWN2ZB00M
** Co says funds will be used for exploration activities at
the Rover mineral field in the Northern Territory, among others
** Issue price of A$0.13 per share is at a 16.1% discount to
the last closing price on July 27, after which it went on a
trading halt
** Stock has fallen 24.4% this year, as of last close
($1 = 1.4323 Australian dollars)
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))