China Natural Resources: Drops on discounted share offering
20/01/2021 16:25
** U.S.-listed shares of Hong Kong-based mining co CHNR.O
down 27% at $1.70
** Co announces registered direct placement of 3.96 mln
shares at $1.85/share to raise proceeds of $7.3 mln
urn:newsml:reuters.com:*:nPn58x2kMa
** Offer price is at a discount of 20.60% to stock's last
close
** Shares on offer represent 11.65% of co's current
outstanding stock
** Co intends to use net proceeds from offering for general
working capital purposes
(Reporting by Lasya Priya M in Bengaluru)
((LasyaPriya.M@thomsonreuters.com;))