Australia's Culpeo Minerals falls on discounted placement

Culpeo Minerals

02/08/2024 02:46

** Shares of Australia's Culpeo Minerals  CPO.AX  fall as
much as 4.4% to A$0.043, set for a second straight session of
losses, if trend holds
    ** The copper explorer receives commitments to raise
approximately A$2.2 mln ($1.43 mln) via placement at an issue
price of A$0.04 per share
    ** Issue price represents a discount of 11.1% to stock's
last closing
    ** Co says funds will be utilised to advance its exploration
programme projects in Chile
    ** Over 220,000 shares change hands, vs 30-day average
volume of 1.5 mln shares
    ** Stock up 28.6% YTD, as of last close

   ($1 = 1.5413 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))