Australia's Constellation Resources hits 2-week low on discounted placement

Constellation Resources

28/03/2024 24:22

** Shares of Constellation Resources  CR1.AX  fall as much
as 15.4% to A$0.110, their lowest since March 12 
    ** Mineral explorer to raise gross proceeds of A$1.125 mln
($733,275.00) through placement 
    ** Issue price of A$0.12 per share represents a 7.7%
discount to stock's last close 
    ** Stock posts biggest intraday pct fall since March 12     
    ** Stock up 13.0% YTD, as of last close 

($1 = 1.5342 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))