Australia's Chrysos Corp falls most in over 10 weeks on discounted placement

Chrysos

06/11/2023 23:39

** Shares of Chrysos Corp  C79.AX  slump as much as 6.3% to
A$6.7, set to see their worst day since Aug 28 - if gains hold 
    ** The mining support firm says it has completed a capital
of A$75 million ($48.68 million) via a placement
    ** Says funds raised will be used to strengthen co's capital
position to meet its near-term contracted deployment profile 
    ** Issue price of A$6.60 per share is at a 7.7% discount to
the last closing price on Nov 3
    ** Shares hit lowest since Oct 31 
    ** Stock has more than doubled this year as of last close


($1 = 1.5408 Australian dollars)

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