Australia's Codrus Minerals falls to near 1-month low on discounted placement

Codrus Minerals

25/09/2023 02:22

** Shares of Codrus Minerals  CDR.AX  fall as much as 14.1%
to A$0.079, dropping to their lowest level since Sept 18
    ** Codrus stock faces worst day since Aug 28, if losses hold
    ** The gold miner says it received commitments to raise
A$0.92 mln ($592,572.00) through an equity placement
    ** Co says placement at an issue price of 8 Australian cents
per share - representing a 13% discount to CDR's last close
    ** Stock down 29.2% this year, as of last close

    ($1 = 1.5526 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))