Australia's Culpeo Minerals hits record low on discounted placement

Culpeo Minerals

01/09/2023 04:48

** Shares of Culpeo Minerals  CPO.AX  fall as much as
12.5%to an all-time low of A$0.035, 
    ** Copper miner says it received firm commitments to raise
A$1.224 million ($792,295.20) at issue price of A$0.032 per
share
    ** Issue price at 20% discount to stock's last closing price
    ** Stock set for worst day since May 22, if losses hold 
    ** Stock on track for worst week since July 22
    ** CPO down 61.9% YTD as of last close

 
($1 = 1.5449 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))