Australia's Critical Minerals falls on discounted placement

Critical Minerals

Mon 02:32

** Shares of Critical Minerals CMG.AX fall as much as 5.8% to A$0.065, their lowest since October 13
** Stock set for its weakest session since September 23, if current trend holds
** Exploration co to raise A$2.1 million ($1.43 million), comprising of a placement of A$1.3 million and a share purchase plan to raise up to a further A$800,000
** Placement issue price of A$0.06 per New Share, representing a discount of 13% to co's last close 
** YTD, stock down 34.3%

($1 = 1.4360 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))