Australia's Centaurus Metals falls on discounted placement

Centaurus Metals

21/01/2022 24:37

** Shares of Centaurus Metals Ltd  CTM.AX  fall as much as
5.1% to A$1.220, their lowest since Jan 11
    ** The mining co says it has received firm commitments to
raise A$75 mln ($54.02 mln) through a share placement
 urn:newsml:reuters.com:*:nFWN2U01I4
    ** Issue price of A$1.16 per share is at a 9.7% discount to
the closing price, when it last traded on Jan 18
    ** Co says funds raised will be used for the completion of
the Definitive Feasibility Study at the Jaguar nickel sulphide
project in northern Brazil
    ** Shares mark biggest intraday pct loss since Jan 14,
losing for the fourth consecutive day
    ** About 7.8 mln shares change hands, compared with the
30-day average volume of 852,709 shares 
    ** Stock up 35.4% in 2021

    ($1 = 1.3883 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))