Australia's Crater Gold Mining hits near 1-year low on discounted fund raising

Crater Gold Mining

12/12/2018 01:33

** Shares of Crater Gold Mining  CGN.AX  slump as much as
29.4 pct to A$0.012, their lowest since December 2017
    ** Gold explorer announces 11 for 2 entitlement offer of up
1.54 bln fully paid ordinary shares at A$0.015 each to raise up
to A$23.1 mln ($16.60 mln)  urn:newsml:reuters.com:*:nFWN1YG13T
    ** Entitlement offer represents about 11.8 pct discount to
stock's last close 
    ** Stock posts biggest intraday pct drop since September
2017
    ** Over 411,800 shares change hands, compared with 30-day
average volume of nearly 69,300
    ** Stock had risen 6.3 pct this year, as of last close
($1 = 1.3893 Australian dollars)

 ((Reuters Messaging:
Devika.Syamnath.thomsonreuters.com@reuters.net))