Australia's Cygnus Metals falls on discounted placement

Cygnus Metals

13/03/2026 24:37

** Cygnus Metals CY5.AX falls as much as 8.8% to A$0.155; on track to record fourth straight session of losses

** Stock set for second consecutive week of losses, down 8.3% so far this week

** Diversified miner to raise A$25 million ($17.7 million) at A$0.16/share

** Issue price represents 5.9% discount to last close

** Funds raised will be used for resource growth, others

** YTD, CY5 8.3%

($1 = A$1.4134)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))