Australia's Centaurus Metals sees worst day in nearly 3 years on discounted placement

Centaurus Metals

01/08/2023 03:21

** Shares of Centaurus Metals  CTM.AX  slump as much as
14.2% to A$0.725, seeing their worst day since Nov 2020 - if
losses hold 
    ** Nickel miner says it has received firm commitments for
A$46.9 mln ($31.44 mln) as part of a share placement
    ** Says funds raised will be used to complete ongoing
definitive feasibility study at 100%-owned Jaguar Nickel
Sulphide Project in northern Brazil
    ** Issue price of A$0.73 per share is at a 13.6% discount to
last traded price on July 27  
    ** Stock hits lowest level since June 6 
    ** Stock down 21.4% this year, as of last close
    
($1 = 1.4919 Australian dollars)

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